The incidence of foreign market tariffs on farmland rental rates
Bibliographic Data
| ID | 11928693 |
|---|---|
| Authors | Jisang Yu (0000-0003-3936-1877, Kansas State University, corresponding author), Nelson B Villoria (0000-0003-1929-0725, Kansas State University), Nathan Hendricks (0000-0001-7301-8314, Kansas State University), Nathan P Hendricks |
| Year | 2022 |
| Volume | 112 |
| Pages | 102343-102343 |
| Publication date | 2022-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Food Policy (JOURNAL) |
| Journal identifiers | ISSN: 0306-9192 • E-ISSN: 1873-5657 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.foodpol.2022.102343 |
| OpenAlex | W4294050184 |
| Language | EN |
| Citations received | 6 |
| References cited | 36 |
We estimate the impact of tariffs faced by US agricultural exports on farmland rents. The localized tariff is determined by the average of tariffs across trading partners for the crops produced within the county. We utilize shift-share designs to avoid endogeneity concerns that arise because factors affecting rents could also affect trade flows and cropping patterns. Using the county-level data from 2008 to 2017, we find that a one percentage point decrease in the localized tariff increases rents by 3%–6%. The 2018 Chinese retaliatory tariffs would have decreased rents by about 3% in the absence of any government support
Agricultural economics · Agriculture · Business · Cropping · Econometrics · Economic rent · Economics · Endogeneity · International economics · Market economy · Point (geometry · Renting · Tariff · Agricultural Economics and Policy · Economics of Agriculture and Food Markets · Global trade and economics
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| Citations per year | 3 |
|---|---|
| Citation span | 2024 - 2026 (3) |
| Highly cited | No |