FARMLAND PRICE DETERMINANTS

Klaus Drescher, Jason R. Henderson and Kevin T. McNamara

No 20685, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This paper examines determinants of farmland prices in Minnesota. A hedonic price model is used to estimate the implicit value of the land characteristics. Farmland prices are influenced by agricultural production attributes as well as demand factors. The results also suggest that the potential for development of land for higher value non-agricultural activities creates an expectation, that is capitalised into farmland prices.

Keywords: Land; Economics/Use (search for similar items in EconPapers)
Pages: 14
Date: 2001
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20685

DOI: 10.22004/ag.econ.20685

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