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Noncash Income Transfers and Agricultural Land Values

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  • Mykel R. Taylor
  • Gary W. Brester

Abstract

Several studies have considered the impact of government cash income transfers to agricultural producers on agricultural land prices. This study examines the effects of a noncash income transfer on agricultural land prices. The impact of the U.S. sugar program on irrigated land prices in Montana is evaluated using a hedonic regression model. The model considers the impacts of sugar beet price and land characteristics on land prices. The results indicate that noncash income transfers generated by the U.S. sugar program have been capitalized into cropland prices. Copyright 2005, Oxford University Press.

Suggested Citation

  • Mykel R. Taylor & Gary W. Brester, 2005. "Noncash Income Transfers and Agricultural Land Values," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(4), pages 526-541.
    • Handle: RePEc:oup:revage:v:27:y:2005:i:4:p:526-541
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    File URL: http://hdl.handle.net/10.1111/j.1467-9353.2005.00262.x
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