This study determines the effect of government payments on real agricultural asset values using Bayesian vector autoregression. In developing the empirical model, special attention is focused on the informational content of government payments. The results indicate that government payments to...

The amount of land in urban and other special uses increased more than 50 percent since the 1960s in the South. Rural land converted to urban uses is directly related to increases in population in the South. Urban land-use coefficients were estimated to provide a measure of the amount of land...