TY  - EJOUR
AB  - 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.
AU  - Ifft, Jennifer
AU  - Wu, Shang
AU  - Kuethe, Todd H.
DA  - 2014
DA  - 2014
DO  - 10.22004/ag.econ.188001
DO  - doi
ID  - 188001
JF  - Agricultural and Resource Economics Review
KW  - Land Economics/Use
KW  - Livestock Production/Industries
KW  - Production Economics
KW  - Risk and Uncertainty
KW  - farmland values
KW  - insurance
KW  - June Area Survey
L1  - https://ageconsearch.umn.edu/record/188001/files/ARER2014%2012%20Ifft%20AEPrepubl.pdf
L2  - https://ageconsearch.umn.edu/record/188001/files/ARER2014%2012%20Ifft%20AEPrepubl.pdf
L4  - https://ageconsearch.umn.edu/record/188001/files/ARER2014%2012%20Ifft%20AEPrepubl.pdf
LA  - eng
LK  - https://ageconsearch.umn.edu/record/188001/files/ARER2014%2012%20Ifft%20AEPrepubl.pdf
N2  - 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.
PY  - 2014
PY  - 2014
T1  - The Impact of Pasture Insurance on Farmland Values
TI  - The Impact of Pasture Insurance on Farmland Values
UR  - https://ageconsearch.umn.edu/record/188001/files/ARER2014%2012%20Ifft%20AEPrepubl.pdf
VL  - Prepublication Previews
Y1  - 2014
T2  - Agricultural and Resource Economics Review
ER  -