PT  - JOURNAL ARTICLE
AU  - Boussios, David
AU  - Castillo, Marcelo
AU  - Brewer, Brady
TI  - The Unintended Beneficiaries of Farm Subsidies
AID  - 10.3368/le.98.4.081319-0118R2
DP  - 2021 Dec 27
TA  - Land Economics
PG  - 081319-0118R2
4099  - http://le.uwpress.org/content/early/2021/12/15/le.98.4.081319-0118R2.short
4100  - http://le.uwpress.org/content/early/2021/12/15/le.98.4.081319-0118R2.full
AB  - From 2011 to 2017, the U.S. government paid farmers annually $6 billion in decoupled subsidies. Because around sixty percent of cropland is rented, if landlords raise rents in response to subsidy payments, the subsidies may not benefit the farmers as much as intended by policy. The Agricultural Act of 2014 linked subsidy payments to county characteristics and idiosyncratic yields. Instead of payments tied to farm-level productivity, which challenged identification under earlier programs, the programs offer a new path for identifying subsidy incidences. We find rents increase by approximately $0.45-0.65 for every dollar received, roughly double what prior research found