The Incidence of U . S . Agricultural Subsidies on Farmland Rental Rates

  title={The Incidence of U . S . Agricultural Subsidies on Farmland Rental Rates},
  author={Barrett E. Kirwan},
Each year U.S. farmers receive more subsidies than needy families receive through welfare assistance or post-secondary students receive through student aid grants. Yet, who benefits from agricultural subsidies is an open question. Economic theory predicts the entire subsidy incidence should be on the farmland owners. Since non-farmers own nearly half of all farmland, this implies that a substantial portion of all subsidies accrue to non-farmers while a significant share of all farmers receive… CONTINUE READING
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