Agricultural conservation easements have positive externalities but few studies examine the supply-side. This paper explores whether easements may also overcome a credit-market failure, as banks may not be lending based on the full developed value of land. Original survey data test our research hypotheses and show profitable owners and nonoperators to be using easement payments to extract capital from their land by using the preservation programs as a bank. The results also show that the unprofitable owners and operators are reinvesting in their agricultural enterprises. Both results are consistent with an underlying credit-market failure, and the latter suggests that easements may provide indirect efficiency enhancement. The results sugges...
Previous research has reached inconsistent, if not paradoxical, conclusions regarding the impact of ...
Economic analysis of farm programs typically focusses on economic costs. Here we show that, because ...
This research develops a theoretical framework within which the impact of farmland capital gains and...
Agricultural conservation easements have positive externalities but few studies examine the supply-s...
It is unclear who the farmers of the future will be, and how they will afford theland they work. Due...
It is the purpose of this study to examine the nature of the capital acquisition problems facing the...
We estimate the impact of direct payments under the 2002 Farm Act on the credit terms of farm operat...
Excerpt from the report: Credit is one of the more important business tools that farmers use to ba...
Periods of high farm income volatility can potentially diminish farm borrowers ' ability to ade...
What motivates agricultural-land owners to use conservation easements? As these legal tools have bec...
3 pp.The availability of credit is critical to agricultural production. In the current tight credit ...
This paper examines landowner and societal motivations behind land conservation, and specifically co...
Why do farmers and ranchers donate conservation easements? No one really knows because nearly all o...
Concern over the magnitude and consequences of farmland conversions to developed uses has led to the...
Credit is essential for agricultural development. The circumstantial evidence is clear: where ...
Previous research has reached inconsistent, if not paradoxical, conclusions regarding the impact of ...
Economic analysis of farm programs typically focusses on economic costs. Here we show that, because ...
This research develops a theoretical framework within which the impact of farmland capital gains and...
Agricultural conservation easements have positive externalities but few studies examine the supply-s...
It is unclear who the farmers of the future will be, and how they will afford theland they work. Due...
It is the purpose of this study to examine the nature of the capital acquisition problems facing the...
We estimate the impact of direct payments under the 2002 Farm Act on the credit terms of farm operat...
Excerpt from the report: Credit is one of the more important business tools that farmers use to ba...
Periods of high farm income volatility can potentially diminish farm borrowers ' ability to ade...
What motivates agricultural-land owners to use conservation easements? As these legal tools have bec...
3 pp.The availability of credit is critical to agricultural production. In the current tight credit ...
This paper examines landowner and societal motivations behind land conservation, and specifically co...
Why do farmers and ranchers donate conservation easements? No one really knows because nearly all o...
Concern over the magnitude and consequences of farmland conversions to developed uses has led to the...
Credit is essential for agricultural development. The circumstantial evidence is clear: where ...
Previous research has reached inconsistent, if not paradoxical, conclusions regarding the impact of ...
Economic analysis of farm programs typically focusses on economic costs. Here we show that, because ...
This research develops a theoretical framework within which the impact of farmland capital gains and...