PT  - JOURNAL ARTICLE
AU  - Fuller, Kate Binzen
AU  - Janzen, Joseph P.
AU  - Munkhnasan, B.
TI  - Farmland Rental Rates: Does Organic Certification Matter?
AID  - 10.3368/le.97.1.030119-0032R2
DP  - 2021 Feb 01
TA  - Land Economics
PG  - 80--106
VI  - 97
IP  - 1
4099  - http://le.uwpress.org/content/97/1/80.short
4100  - http://le.uwpress.org/content/97/1/80.full
SO  - Land Econ2021 Feb 01; 97
AB  - We estimate U.S. organic farmers’ marginal willingness to pay to rent an acre of certified organic land relative to conventional farmland. Using a selection-on-observables design and farm-level data on farmland rental rates, organic status, and many conditioning variables, we address the role of profitability in mediating the effect of organic status. We find a 26% rental rate premium for organic farmland not driven by higher profits on organic farms. This premium is a modest incentive for landowners but a barrier for tenants to convert to organic farming practices, which may explain limited growth in U.S. organic acreage.