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Land Quality Perceptions in Expert Opinion Surveys: Evidence from Iowa

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  • Zhang, Wendong
  • Duffy, Michael D.

Abstract

While many opinion-based surveys ask land values for different land quality classes, little is known how survey respondents perceive the land quality. Using the 2015 Iowa Land Value Survey, this article examines how respondents perceive land quality in their responses to land value questions. Our results show agricultural professionals seem to perceive land quality with respect to specific regions, and high, medium and low land quality should be interpreted locally within a crop reporting district. This case study suggests that it is difficult to generalize uniform yield or soil productivity index ranges for land quality questions in all opinion-based surveys.
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Suggested Citation

  • Zhang, Wendong & Duffy, Michael D., 2017. "Land Quality Perceptions in Expert Opinion Surveys: Evidence from Iowa," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2017.
    • Handle: RePEc:ags:jasfmr:322639
    DOI: 10.22004/ag.econ.322639
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    File URL: https://ageconsearch.umn.edu/record/322639/files/2017_Zhang.pdf
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    References listed on IDEAS

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    1. Jensen, Jim, 2016. "CSR gets a makeover in forming the new CSR2 Productivity Index," ISU General Staff Papers 201603251519331413, Iowa State University, Department of Economics.
    2. Stinn, Matthew & Duffy, Michael, 2012. "What is the Precision of Land Survey Values?," Staff General Research Papers Archive 36001, Iowa State University, Department of Economics.
    3. Stinn, Matthew & Duffy, Michael D., 2012. "What is the Precision of Land Survey Values?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 27(3), pages 1-4.
    4. Nicky J. Welton & Howard H. Z. Thom, 2015. "Value of Information," Medical Decision Making, , vol. 35(5), pages 564-566, July.
    5. Dobbins, Craig & Cook, Kim, 2000. "Indiana Land Values Rise," Purdue Agricultural Economics Report 188847, Purdue University, Department of Agricultural Economics.
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    Cited by:

    1. Wendong Zhang & Sergio H. Lence & Todd Kuethe, 2021. "Are Expert Opinions Accurate? Panel Data Evidence from the Iowa Land Value Survey," Land Economics, University of Wisconsin Press, vol. 97(4), pages 875-892.

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