@article{Roe:331392,
      recid = {331392},
      author = {Roe, Terry and Somwaru, Agapi and Diao, Xinshen},
      title = {Decoupled Payments: A Dynamic, Economywide Perspective},
      address = {2005},
      pages = {17},
      year = {2005},
      note = {Presented at the 8th Annual Conference on Global Economic  Analysis, Lübeck, Germany},
      abstract = {This report demonstrates the relationship, over time and  in an economywide context, between the decoupled payments  to U.S. agricultural producers and market/trade  distortions. If agricultural capital markets are complete,  decoupled payments have longrun effects on land rents and  land values, but they have no effect on production. If  capital markets are not complete, production effects are  small (0.2 percent) in the short run and disappear in the  long run. The only permanent effects are on land rental  rates and, therefore, on land values, which increase by  about 10 percent in the short run tapering off to slightly  above 8 percent in the long run.},
      url = {http://ageconsearch.umn.edu/record/331392},
}