agricultural land become sales land essay for 2 pages in English
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Answer:
Over the past few years, U.S. agriculture and farmers have experienced a myriad of
macroeconomic and environmental changes that have profound implications for the well-
being of farm households and the farm sector. An expanding biofuels market and
growing export demand from China and India have led to rising agricultural commodity
prices since mid-2000s. However, during the same time period, the residential housing
market collapsed in 2007-2008 and resulted in the subsequent Great Recession, which
could impose a downturn pressure on the farmland market. In addition, growing water
quality problems due to excessive agricultural nutrient runoff have severely compromised
many ecosystem services and have led to stronger calls for more effective nutrient
management policies from both policymakers and the public. Economic analyses of
farmer decisions in this constrained and evolving environment are critical to understand
how these changes have impacted farmer welfare and trade-offs with ecosystem and other
societal benefits. Using individual-level data on farmland parcels and farmers from Ohio
and Lake Erie basin, my dissertation examines how the recent residential housing market
bust, expanding ethanol production, and rising environmental concerns over nutrient
management have impacted farmers’ land use, land management, and land transaction
decisions and the implications of these changes for farmer welfare.