The Impact of Pasture Insurance on Farmland Values Reportar como inadecuado

The Impact of Pasture Insurance on Farmland Values - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

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.

Keywords: farmland values ; insurance ; June Area Survey

Subject(s): Land Economics/Use

Livestock Production/Industries

Production Economics

Risk and Uncertainty

Issue Date: 2014

Publication Type: Journal Article

PURL Identifier: Published in: Agricultural and Resource Economics Review

Volume: Prepublication Previews

Total Pages: 16

Record appears in: Northeastern Agricultural and Resource Economics Association (NAREA) > Agricultural and Resource Economics Review

Autor: Ifft, Jennifer ; Wu, Shang ; Kuethe, Todd H.


Documentos relacionados