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Risk and Incentives in Sharecropping: Evidence from Modern US Agriculture

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Abstract

A new data set shows the extensive use of sharecropping in modern U.S. agriculture particularly in wheat, rice, corn, soybeans, and cotton. For these five crops, I investigate the importance of risk and three types of incentive problems that are commonly regarded to 'cause' sharecropping. A direct measure of risk from county level weather data is constructed and this measure is a major explanation in the choice between cash and share contracts. The potential for exploitation of the land by the tenant is also an important determinant of tenancy choice. Finally, for three inputs, fertilizer, petroleum products, and herbicides & pesticides, incentive problems in the provision of inputs by the tenant are shown to exist. For these inputs, I show that sharecroppers use less than cash renters, but this difference is eliminated when the costs of these inputs are also shared.

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  • Eugene Canjels, 1998. "Risk and Incentives in Sharecropping: Evidence from Modern US Agriculture," SCEPA working paper series. 1998-19, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepawp:1998-19
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    File URL: https://www.economicpolicyresearch.org/scepa/publications/workingpapers/1998/cepa0204.pdf
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    Cited by:

    1. Mike Waugh & David Lagakos & Doug Gollin, 2011. "The Agricultural Productivity Gap in Developing Countries," 2011 Meeting Papers 1397, Society for Economic Dynamics.
    2. Douglas Gollin & David Lagakos & Michael E. Waugh, 2014. "The Agricultural Productivity Gap," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 129(2), pages 939-993.

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