Determinants of Farmland Values In the Rapidly Developing Boise, Idaho Metro Area: Applying Mathematical Modeling to Highest and Best Use Analysis

April Beasley, James Nelson, Ruby Stroschein and Joel Hamilton

Journal of the ASFMRA, 2007, vol. 2007, 8

Abstract: In areas where urban development is threatening quality farmland, zoning policies that encourage development on low productivity land have a significant influence on market forces, resulting in upward pressure on the prices of low productivity farmland. This helps identify potential permanent changes of use to a different highest and best use. Identifying the highest and best use of land is fundamental in estimating a vacant land value and identifying comparable sales of vacant land.

Keywords: Agricultural Finance; Land Economics/Use (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:189895

DOI: 10.22004/ag.econ.189895

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