In the past three decades, farm families have relied on government payments and off-farm income to reduce income risk … and increase total household income. Studies have shown that, as income effect dominates, government payments tend to … government payments, farm families may be facing an altered economic environment. Our study addresses this issue by examining the …

This study estimates the impact of changes in market returns and government payments on farmland values across Canada …-cyclical relationship between market returns and government payments. The results indicate that farmland values are more responsive to … changes in market returns than in government payments, but both are important drivers of land values. The elasticity of land …

domestic policy reforms using stochastic analysis. Results of this studyshow that without government payments, the …