Linking the Price of Agricultural Land to Use Values and Amenities

Allison Borchers, Jennifer Ifft and Todd Kuethe ()

No 161651, 2014 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2014, Philadelphia, PA from Agricultural and Applied Economics Association

Abstract: In many areas throughout the United States, the market value of agricultural land exceeds its use value in agricultural production. This deviation is the result of many factors, including urban influence, recreation, mineral extraction, and other natural amenities. This study examines the drivers of the nonagricultural portion of cropland and pastureland values across the United States using a rich geospatial data framework linked to the USDA’s June Area Survey. The analysis suggests that many natural amenities and urban pressures shape the value of US cropland and pastureland, and that development potential is the largest driver of the nonagricultural component of farmland values.

Keywords: Demand and Price Analysis; Land Economics/Use (search for similar items in EconPapers)
Pages: 30
Date: 2013-12-17
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Citations: View citations in EconPapers (3)

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Journal Article: Linking the Price of Agricultural Land to Use Values and Amenities (2014)
Journal Article: Linking the Price of Agricultural Land to Use Values and Amenities (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaeass:161651

DOI: 10.22004/ag.econ.161651

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