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Provedor de dados:  AgEcon
País:  United States
Título:  An Empirical Investigation of the Linkages between Government Payments and Farmland Leasing Arrangements
Autores:  Qiu, Feng
Goodwin, Barry K.
Gervais, Jean-Philippe
Data:  2009-04-28
Ano:  2009
Palavras-chave:  Contract choice
Hybrid contract
Farm bill
Program payments
Agricultural and Food Policy
Environmental Economics and Policy
Industrial Organization
Institutional and Behavioral Economics
Land Economics/Use
Risk and Uncertainty
Q12
Q15
Q18
Resumo:  Replaced with revised version of paper 07/29/10.

This article investigates the impacts of decoupled and coupled support payments on farmland rental contract choices using a principal-agent model. We consider cash and share contracts as well as hybrid contracts, which are increasingly prominent in US agriculture. The conceptual framework suggests that restrictions on sharing payments between contracting parties are ineffective and induce an offsetting contractual rearrangement. Empirical results from a multinomial logit model confirm that government support programs have large significant effects on contract choices and that these effects vary by types of subsidies.
Tipo:  Conference Paper or Presentation
Idioma:  Inglês
Identificador:  http://purl.umn.edu/49242
Relação:  Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
Formato:  31
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