Estimating the Market Value of Agricultural Land in Kansas Using a Combination of Hedonic and Negative Exponential Techniques

Leah J. Tsoodle, Allen Featherstone and Bill B. Golden

No 132763, 2005 Agricultural and Rural Finance Markets in Transition, October 3-4, 2005, Minneapolis, Minnesota from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition

Abstract: Given the importance of land valuation to the various stakeholders, the objective of this research is to develop a theoretically sound model that robustly estimates the market value of land in Kansas, accounting for urban influence. The market value of land is estimated using a hedonic model that includes factors related to urban sprawl. A semi-log hedonic model that combined site-specific characteristics with negative exponential distance functions was estimated. Results indicated that the upward, urban pressure on price is greater for Kansas City relative to Wichita. Kansas City had a much slower rate of decay than either Wichita or cities with a population of more than 10,000.

Keywords: Agricultural Finance; Land Economics/Use (search for similar items in EconPapers)
Pages: 22
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/132763/files/Tsoodle2005.pdf (application/pdf)

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: https://EconPapers.repec.org/RePEc:ags:nc2005:132763

DOI: 10.22004/ag.econ.132763

Access Statistics for this paper

More papers in 2005 Agricultural and Rural Finance Markets in Transition, October 3-4, 2005, Minneapolis, Minnesota from Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().