THE IMPACT OF SWINE PRODUCTION ON LAND VALUES IN ILLINOIS
Bruce Sherrick (),
Miguel I. Gomez and
Gay Y. Miller
No 22047, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Based on a spatiotemporal hedonic farmland price model and county-level data in Illinois from 1979 to 1999, we examined the impact of swine production on farmland values. Our results show that, in addition to the conventional determinants of farmland values, an increase in swine production intensity has a negative relationship with farmland values while an increase in swine operation scale had a positive association with farmland values at the county level in Illinois. We also estimate the impact of changes in the Illinois swine industry over the period 1980-1999 on farmland values at the state level and find that changes in swine inventory and scale of swine operations have led to changes in farmland prices from $-10.56 to $62.96 per acre. In general, the changes in Illinois swine industry increase farmland values in Illinois.
Keywords: Land; Economics/Use (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:22047
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