CAPITALIZATION OF FARMLAND PRESERVATION PROGRAMS INTO FARMLAND PRICES
Cynthia J. Nickerson and
Lori Lynch ()
No 20877, 1998 Annual meeting, August 2-5, Salt Lake City, UT from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper examines whether permanent farmland preservation programs are capitalized into farmland prices. We consider the landowner's decision to voluntarily participate and correct for sample selection bias in our estimation of sales prices. Initial results suggest development restrictions resulting from participation in these programs are fully capitalized into farmland prices.
Keywords: Demand and Price Analysis; Land Economics/Use (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea98:20877
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