@article{Ifft:188001, recid = {188001}, author = {Ifft, Jennifer and Wu, Shang and Kuethe, Todd H.}, title = {The Impact of Pasture Insurance on Farmland Values}, journal = {Agricultural and Resource Economics Review}, address = {2014}, number = {1203-2016-95541}, pages = {16}, year = {2014}, abstract = {This study examines the impact of publicly supported insurance on agricultural land values. The analysis employs confidential, nationally representative panel data on field-level pastureland values and exploits a natural experiment provided by gradual introduction of the Pasture, Rangeland, and Forage Insurance Pilot Program. We use a field-level fixed-effects model that controls for several time-variant factors. We find that insurance availability is associated with an increase of at least 4 percent in pastureland values. This increase is comparable with increases generated by other government programs but is much smaller than total farmland value increases experienced in recent years.}, url = {http://ageconsearch.umn.edu/record/188001}, doi = {https://doi.org/10.22004/ag.econ.188001}, }