Landed gentry: farm subsidies and rental rates.

• Author: Brokaw, Josh
• Position: Citings - Brief article

A NEW STUDY published by the National Bureau of Economic Research suggests that American agricultural subsidies hurt farmers in the United States as well as other countries. Based on seven years of data from more than 10,000 farms, economists Barry Goodwin of North Carolina State, Ashok Mishra of Louisiana State, and Francois Ortalo-Magne of the University of Wisconsin find that farm subsidies drive up land prices by $13 to $30 an acre.

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The study concludes that "landlords are...