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Determinants of Farmland Values In the Rapidly Developing Boise, Idaho Metro Area: Applying Mathematical Modeling to Highest and Best Use Analysis

Author

Listed:
  • Beasley, April
  • Nelson, James
  • Stroschein, Ruby
  • Hamilton, Joel

Abstract

In areas where urban development is threatening quality farmland, zoning policies that encourage development on low productivity land have a significant influence on market forces, resulting in upward pressure on the prices of low productivity farmland. This helps identify potential permanent changes of use to a different highest and best use. Identifying the highest and best use of land is fundamental in estimating a vacant land value and identifying comparable sales of vacant land.

Suggested Citation

  • Beasley, April & Nelson, James & Stroschein, Ruby & Hamilton, Joel, 2007. "Determinants of Farmland Values In the Rapidly Developing Boise, Idaho Metro Area: Applying Mathematical Modeling to Highest and Best Use Analysis," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-8.
    • Handle: RePEc:ags:jasfmr:189895
    DOI: 10.22004/ag.econ.189895
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    References listed on IDEAS

    as
    1. Torell, L. Allen & Bailey, Scott A., 2000. "Is The Profit Motive An Important Determinant Of Grazing Land Use And Rancher Motive?," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36451, Western Agricultural Economics Association.
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    Keywords

    Agricultural Finance; Land Economics/Use;

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