摘要：This paper evaluates the implications of corporate restrictions on productionagriculture using the case of the Nebraska hog industry. Corporate farming restrictionsprohibit the acquisition or operation of agricultural land by nonfamily farm or ranchcorporations. A partial adjustment model with a variable coefficient of adjustment is usedto study the policy change. The results of the study support the hypothesis that thecorporate farming restrictions in Nebraska have reduced the Nebraska hog industry'sability to adjust its inventory to target levels. A significant shift in inventory adjustmentbehavior is shown to coincide with the enactment of the corporate restrictions.
