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Did the Federal Agriculture Improvement and Reform Act of 1996 Affect Farmland Values?
LSU AgCenter, Department of Agricultural Economics and Agribusiness, Louisiana State University, Baton Rouge, LA 70803, USA
International Business and Strategy Group, Northeastern University, Boston, MA 02115, USA
Department of Food and Resource Economics, University of Florida, Gainesville, FL 32611, USA
* Author to whom correspondence should be addressed.
Received: 4 March 2011; in revised form: 13 March 2011 / Accepted: 14 March 2011 / Published: 17 March 2011
Abstract: Farmland values are affected by numerous factors, including farm policy, shifts in demand for agricultural output both foreign and domestic, monetary policy and urban pressure. In this study we use an information measure to examine whether the shift toward a more market-oriented policy in 1996 changed the relationship between farmland values and government payments. The results indicated that the shift in agricultural policy resulted in significant shift in this relationship.
Keywords: agricultural policy; entropy; farmland value; government payments
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Mishra, A.K.; Livanis, G.T.; Moss, C.B. Did the Federal Agriculture Improvement and Reform Act of 1996 Affect Farmland Values? Entropy 2011, 13, 668-682.
Mishra AK, Livanis GT, Moss CB. Did the Federal Agriculture Improvement and Reform Act of 1996 Affect Farmland Values? Entropy. 2011; 13(3):668-682.
Mishra, Ashok K.; Livanis, Grigorios T.; Moss, Charles B. 2011. "Did the Federal Agriculture Improvement and Reform Act of 1996 Affect Farmland Values?" Entropy 13, no. 3: 668-682.