The Effect of Strict Agricultural Zoning on Agricultural Land Values: The Case of Ontario's Greenbelt

B. Deaton and Richard Vyn

American Journal of Agricultural Economics, 2010, vol. 92, issue 4, 941-955

Abstract: In 2004, the provincial government of Ontario passed legislation that imposed a moratorium on urban development of agricultural land within a "Greenbelt" boundary. This legislation, which became known as the Greenbelt legislation, has a direct effect on over 1.8 million acres of land located near one of the larger metropolitan areas in North America: the Greater Toronto Area. We use a hedonic model to examine 7760 farmland sales and we find evidence that the Greenbelt legislation influenced farmland property prices; the effect depends on the proximity of the farmland to the Greater Toronto Area. Copyright 2010, Oxford University Press.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (20)

Downloads: (external link)
http://hdl.handle.net/10.1093/ajae/aap022 (application/pdf)
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:oup:ajagec:v:92:y:2010:i:4:p:941-955

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().