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Synopsis
Explore how farm program payments influence land values and farmers' bottom line. This concise study explains what capitalizes and what doesn't, with caveats.
The book examines the short- and long-term effects of farm programs on income and land or allotment values. It presents estimates of the total income impact and discusses how capitalization into land values may occur, along with the uncertainties in data and methods.
- The extent to which price and income effects of commodity programs have been capitalized.
- Differences between commodities in the extent to which program returns are capitalized.
- How landowners have paid for the capitalized values of program payments in land purchases.
- How nonprogram commodities and nonfarm opportunities affect the capitalization process.
Ideal for readers of policy and farm economics who want a concise view of how these programs can influence land values and farm income.
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Capitalization of Farm Program Benefits Into Land Values (Classic Reprint)
Print on DemandSeller: Forgotten Books, London, United Kingdom
Seller rating 5 out of 5 stars
Paperback. Condition: New. Print on Demand. This book delves into the complex relationship between government farm programs and the value of farmland in the United States. Examining the period from 1955 to 1970, the author meticulously analyzes the ways in which federal price support and direct payment programs, designed to bolster farm income, have influenced land values. The book meticulously examines the ways in which government intervention in the agricultural market has impacted the market for land, demonstrating how the benefits of farm programs have been factored into land prices, a process known as capitalization. The author explores the various ways in which farm programs have affected land values, including the impact of transferable allotments, the distribution of benefits among different factors of production, and the role of nonfarm employment opportunities. The book also considers the implications of program termination, demonstrating how the potential loss of program benefits could significantly impact land values. Through detailed analysis of specific commodities such as cotton, rice, peanuts, tobacco, and wheat, the author provides a nuanced understanding of how capitalization has played out in practice. The book ultimately reveals that the capitalization of program benefits into land values has been a significant, but often overlooked, factor in the American agricultural landscape. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9780365667612_0
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