Economics at your fingertips  

The Changing Roles of Urban Influence and Agricultural Productivity in Farmland Price Determination

Erik Hanson, Bruce Sherrick () and Todd Kuethe ()

Land Economics, 2018, vol. 94, issue 2, 199-205

Abstract: Between 2000 and 2010, inflation-adjusted U.S. farmland values increased by over 80%. This period of rapid price appreciation coincided with both the agricultural commodity price boom and the broader financial crisis. This paper examines the degree to which the determinants of farmland prices changed over this period, using a panel of farmland transfer declarations from 98 Illinois counties. Hedonic price analysis demonstrates that the relative importance of urban influence decreased over this period, while the relative importance of agricultural productivity increased. The study carries important implications for farmers, farmland owners, and policy makers.

JEL-codes: Q15 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.3368/le.94.2.199
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
A subscripton is required to access pdf files. Pay per article is available.

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:

Access Statistics for this article

More articles in Land Economics from University of Wisconsin Press
Bibliographic data for series maintained by ().

Page updated 2020-07-24
Handle: RePEc:uwp:landec:v:94:y:2018:i:2:p:199-205