Hedonic analysis of farmland prices: the case of Aragon

Azucena Gracia, Luis Perez y Perez and Ana Sanjuán López

International Journal of Agricultural Resources, Governance and Ecology, 2007, vol. 6, issue 1, 96-110

Abstract: A hedonic approach is used to study farmland prices in Aragon (Spain). Data over 450 transactions in 33 shires, in 2001 and 2002 are analysed. The marginal values for irrigated vs. non-irrigated land, the productive orientation and the differentiation of production through a Designation of Origin (D.O.) are used as explanatory variables. Socio-economic variables are also included. A Box-Cox transformation is specified to get the most appropriate functional form. The results indicate that water availability, the crop orientation, and the eligibility within a D.O. are the key factors affecting farmland prices, while the social environment and infrastructure has a minor impact.

Keywords: hedonic approach; land prices; Box-Cox transformation; Spain; farmland prices; agriculture; water availability; crop orientation; designation of origin. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=12145 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijarge:v:6:y:2007:i:1:p:96-110

Access Statistics for this article

More articles in International Journal of Agricultural Resources, Governance and Ecology from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().