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EFFECTS OF GOVERNMENT PAYMENTS TO FARMERS ON REAL AGRICULTURAL ASSET VALUES IN THE 1980s

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  • Moss, Charles B.
  • Shonkwiler, J. S.

Abstract

This study determines the effect of government payments on real agricultural asset values using a Bayesian vector autoregression. By examining the statistical significance of past government payments to agriculture, and average and historical effects of innovations in government payments to agriculture, this study finds increases in government payments to agriculture decreased real asset values slightly in the 1980s.

Suggested Citation

  • Moss, Charles B. & Shonkwiler, J. S., 1988. "EFFECTS OF GOVERNMENT PAYMENTS TO FARMERS ON REAL AGRICULTURAL ASSET VALUES IN THE 1980s," 1988 Annual Meeting, August 1-3, Knoxville, Tennessee 270284, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea88:270284
    DOI: 10.22004/ag.econ.270284
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    References listed on IDEAS

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    1. Moss, Charles B. & Baker, Timothy G. & Brorsen, B. Wade, 1987. "Effects Of The Macroeconomic Environment On Agricultural Prices In The Early 1980s," 1987 Regional Committee NC-161, October 6-7, 1987, Denver, Colorado 127294, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    2. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    3. David A. Bessler & John L. Kling, 1986. "Forecasting Vector Autoregressions with Bayesian Priors," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(1), pages 144-151.
    4. Allen M. Featherstone & Timothy G. Baker, 1987. "An Examination of Farm Sector Real Asset Dynamics: 1910–85," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(3), pages 532-546.
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