IMPACTS OF FEDERAL FARM PROGRAM PAYMENTS ON CROPLAND VALUES AND RENTAL RATES: EVIDENCE FROM COUNTY-LEVEL DATA IN SOUTH DAKOTA
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Farmland values, cash rental rates, and federal farm program payments steadily increased in the Northern Plains from 1991 - 2001. Econometric models are used to examine the impacts of Federal farm payments on cropland values and rental rates, statewide and regional,in South Dakota during this time period.