IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Asset Fixity and the Distribution of Rents from Agricultural Policies

Listed author(s):
  • Fred Kuchler
  • Abebayehu Tegene

We examine the concomitant claims that agricultural land can be regarded as a fixed factor of production and that rents derived from government policies accrue only to landowners. Characteristics of the long-run, equilibrium relation between farmland rental payments and government policies reveal whether farmland is a fixed factor of production. Examining whether these variables are cointegrated shows the extent to which the claims are true. Further, examining returns rather than directly examining asset price movements gives us a precise test, unencumbered by expectations hypotheses. Our results show that policy-derived rents accrue to landowners, rather than to farmers.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.jstor.org/stable/pdfplus/3146459
Download Restriction: A subscripton is required to access pdf files. Pay per article is available.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 69 (1993)
Issue (Month): 4 ()
Pages: 428-437

as
in new window

Handle: RePEc:uwp:landec:v:69:y:1993:i:4:p:428-437
Contact details of provider: Web page: http://le.uwpress.org/

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:69:y:1993:i:4:p:428-437. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.