Favorable weather and the adoption of Genetically Modified (GM) corn hybrids are often argued to be factors that explain recent corn yield increases and risk reduction in the U.S. Corn Belt. The focus of this analysis is to determine whether favorable weather is the main factor explaining...

The paper investigates the capitalizations of aggregate and disaggregate government subsidies into farmland rental rates using selection bias correction models. It investigates cash as well as share rental rates, which are largely used in US agriculture. The empirical results suggest that...

Replaced with revised version of poster 07/22/10.