2026-09-19T17:14:09Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/288162022-01-13T07:54:28Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
David H. Autor.
Kirwan, Barrett E., 1974-
Massachusetts Institute of Technology. Dept. of Economics.
Massachusetts Institute of Technology. Department of Economics
n-us---
2005-09-27T18:30:19Z
2005-09-27T18:30:19Z
2004
2004
http://hdl.handle.net/1721.1/28816
60315488
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Economics, 2004.
Includes bibliographical references (p. 35-36).
This paper identifies the effect of agricultural subsidies on farmland rental rates in the United States. Rental agreements are primarily between farmers and non-farmer landlords, but no evidence exists concerning the incidence of subsidies on these two groups. By exploiting a unique policy change in 1996 and a nationally representative dataset of individual farms, I solve the endogeneity problem with fixed effects and instrumental variables techniques. I show that non-farmer landlords capture forty percent of the marginal subsidy dollar per acre. This finding is in sharp contrast to the basic assumptions in the literature that suggest full incidence on the landlords. I discuss possible characteristics of the farmland rental market that would result in less than perfect incidence.
by Barrett E. Kirwan.
S.M.
44 p.
2191295 bytes
2194273 bytes
application/pdf
application/pdf
en_US
Massachusetts Institute of Technology
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http://dspace.mit.edu/handle/1721.1/7582
Economics.
The incidence of U.S. agricultural subsidies on farmland rental rates
Incidence of United States agricultural subsidies on farmland rental rates
Thesis
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<Abstract>This paper identifies the effect of agricultural subsidies on farmland rental rates in the United States. Rental agreements are primarily between farmers and non-farmer landlords, but no evidence exists concerning the incidence of subsidies on these two groups. By exploiting a unique policy change in 1996 and a nationally representative dataset of individual farms, I solve the endogeneity problem with fixed effects and instrumental variables techniques. I show that non-farmer landlords capture forty percent of the marginal subsidy dollar per acre. This finding is in sharp contrast to the basic assumptions in the literature that suggest full incidence on the landlords. I discuss possible characteristics of the farmland rental market that would result in less than perfect incidence.</Abstract>
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