Urban Sprawl and Farmland Prices
| Autor: | Vincent E. Breneman, Richard F. Nehring, Charles B. Moss, Grigorios Livanis |
|---|---|
| Rok vydání: | 2005 |
| Předmět: |
Economics and Econometrics
Agriculture business.industry hedonic determinants land prices spatial productivity urban sprawl Land Economics/Use R14 Q15 D24 C33 Economics Urban sprawl Spatial econometrics business Agricultural and Biological Sciences (miscellaneous) Agricultural economics Valuation (finance) |
| Popis: | A theoretical model of farmland valuation is developed to explicitly account for three effects of urban sprawl: conversion of farmland to urban uses, effect on agricultural returns, and speculative effect as represented by farmland conversion risk. This model is estimated using county-level data in the continental United States. Evidence is found for all three effects of urban sprawl on farmland values. Counties more accessible to major urban centers have higher net agricultural returns. Subsidiary evidence supports that the latter effect may be attributed to survival of (or conversion to) high-valued agriculture around urban centers. Copyright 2006, Oxford University Press. |
| Databáze: | OpenAIRE |
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