Preserving Agricultural Land With Farmland Assessment: New Jersey As A Case Study
AbstractA conceptual model links agricultural profits, capital gains, interest rates, and property taxes to the sale of agricultural land by profit-maximizing owners. The model motivates an empirical analysis of New Jersey data from 1949 to 1990. Results suggest that nonagricultural considerations may overpower the economic incentives provided by such policies as farmland assessment. Consequently, alternative policies (e.g., purchase of development rights and land use zoning) may be needed to sustain agriculture in rapidly urbanizing areas.
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Bibliographic InfoArticle provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.
Volume (Year): 25 (1996)
Issue (Month): 1 (April)
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- Adesoji O. Adelaja & Yohannes G. Hailu & Ahadu T. Tekle & Saichon Seedang, 2010. "Evidence of land hoarding behavior in US agriculture," Agricultural Finance Review, Emerald Group Publishing, vol. 70(3), pages 377-398, November.
- Duke, Joshua M. & Lynch, Lori, 2006.
"Gauging Support for Innovative Farmland Preservation Techniques,"
28586, University of Maryland, Department of Agricultural and Resource Economics.
- Joshua Duke & Lori Lynch, 2007. "Gauging support for innovative farmland preservation techniques," Policy Sciences, Springer, vol. 40(2), pages 123-155, June.
- Adelaja, Adesoji O. & Miller, Tracy & Taslim, Mohammad, 1998. "Land Values, Market Forces, And Declining Dairy Herd Size: Evidence From An Urban-Influenced Region," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(1), April.
- Bills, Nelson L., 2007. "Fifty Years of Farmland Protection Legislation in the Northeast: Persistent Issues and Emergent Research Opportunities," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(2), October.
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