Water quality trading between point and nonpoint sources is of great interest as an alternative to strict command and control regulations on point sources for achieving water quality goals. The expectation is that trading will reduce the costs of water quality protection, and may speed...

Recent increases in farm real estate values in the U.S. have increased farm equity in the form of unrealized capital gains. Exploiting periods of high and low appreciation that caused different increases in wealth for farmers owning different shares of their farmland, we examine if U.S. grain...

We study how increases in wealth from the appreciation of U.S. farmland influenced farm proprietor decisions to borrow, buy land, and expand. Exploiting periods of high and low appreciation that caused different increases in wealth for proprietors owning a larger or smaller share of their...

We study how increases in wealth from rapid appreciation of farmland influenced farmer decisions to borrow, buy land, and expand. Exploiting periods of high and low appreciation and a panel data model that allows for correlation between prior growth trends and the share of land owned, we find...