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Public Environmental Amenity Benefits Of Private Land: The Case Of Prime Agricultural Land

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Author Info
Bergstrom, John C.
Dillman, B.L.
Stoll, John R.
Abstract

Failure of land markets to account for environmental amenity benefits may lend support to public policies to protect agricultural land. The contingent valuation method is employed to estimate willingness to pay for such amenities in Greenville County, South Carolina. Marginal household amenity benefits were estimated at $.06 per thousand acres using a payment card in a mail survey with 53 percent response. Bid payment vehicle was found not to significantly influence bids received. The informational structure of the contingent market was found to influence valuation responses, reinforcing the hypothesis that respondents react to alternative contingent market structures. The relationship between contingent market structure and directional effects upon responses is an important area for future research.

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Publisher Info
Article provided by Southern Agricultural Economics Association in its journal Southern Journal of Agricultural Economics.

Volume (Year): 17 (1985)
Issue (Month): 01 (July)
Pages:
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Handle: RePEc:ags:sojoae:29361

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Keywords: Environmental Economics and Policy; Land Economics/Use;

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  1. Sande, Doris N. & Mullen, Jeff D. & Nzaku, Kilungu, 2009. "Amenity benefits and public policy: An application to the Georgia Pecan Industry," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46851, Southern Agricultural Economics Association. [Downloadable!]
  2. McConnell, K.E., 1989. "The Optimal Quantity Of Land In Agriculture," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 18(2), October. [Downloadable!]
  3. Lynch, Lori & Duke, Joshua M., 2007. "Economic Benefits of Farmland Preservation: Evidence from the United States," Working Papers 7342, University of Maryland, Department of Agricultural and Resource Economics. [Downloadable!]
  4. Trine Hansen, 1997. "The Willingness-to-Pay for the Royal Theatre in Copenhagen as a Public Good," Journal of Cultural Economics, Springer, vol. 21(1), pages 1-28, March. [Downloadable!] (restricted)
  5. Jette Jacobsen & Nick Hanley, 2009. "Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 43(2), pages 137-160, June. [Downloadable!] (restricted)
    Other versions:
  6. Bergstrom, John C., 1998. "Exploring And Expanding The Landscape Values Terrain," Faculty Series 16653, University of Georgia, Department of Agricultural and Applied Economics. [Downloadable!]
  7. Lovell, Sabrina J. & Lynch, Lori, 2002. "Hedonic Price Analysis Of Easement Payments In Agricultural Land Preservation Programs," Working Papers 28564, University of Maryland, Department of Agricultural and Resource Economics. [Downloadable!]
  8. Kathryn Anderson & Diana Weinhold, 2005. "Do Conservation Easements Reduce Land Prices? The Case of South Central Wisconsin," Urban/Regional 0506001, EconWPA. [Downloadable!]
    Other versions:
  9. Greden, Leah R. & Taff, Steven J., 1994. "Financing Farmland Preservation: The Twin Cities Metropolitan Area Experience," Staff Papers 13413, University of Minnesota, Department of Applied Economics. [Downloadable!]
  10. Joshua Duke & Lori Lynch, 2007. "Gauging support for innovative farmland preservation techniques," Policy Sciences, Springer, vol. 40(2), pages 123-155, June. [Downloadable!] (restricted)
    Other versions:
  11. Aliza Fleischer & Yacov Tsur, 2005. "The Amenity Value of Agricultural Landscape and Rural-Urban Land Allocation," ERSA conference papers ersa05p55, European Regional Science Association. [Downloadable!]
  12. Wichelns, Dennis & Kline, Jeffrey D., 1993. "The Impact Of Parcel Chracteristics On The Cost Of Development Rights To Farmland," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 22(2), October. [Downloadable!]
  13. Lynch, Lori & Musser, Wesley N., 2000. "A Relative Efficiency Analysis Of Farmland Preservation Programs," Working Papers 28592, University of Maryland, Department of Agricultural and Resource Economics. [Downloadable!]
    Other versions:
  14. Randall, Alan & Hoehn, John P., 2000. "Valuing Injury To Natural Resources: The Effect Of Resource Quality Information On Perceptions And Contingent Values," Staff Papers 11507, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
  15. Francesco Marangon & Francesca Visintin, 2007. "Rural landscape valuation in a cross-border region," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 84, pages 113-132. [Downloadable!]
  16. Saez, Maria Del Carmen Almansa & Requena, Javier Calatrava, 2002. "Valuing Externalities of Watershed Restoration and Erosion Control Projects in Mediterranean Basins: A Comparative Analysis of the Contingent Valuation and Replacement Cost Methods," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24847, European Association of Agricultural Economists. [Downloadable!]
  17. Duke, Joshua M. & Johnston, Robert J., 2006. "Systematic Influences of Policy Implementation and Conservation Agents on Willingness to Pay for Land Preservation," 2006 Annual meeting, July 23-26, Long Beach, CA 21234, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  18. Ready, Richard & Abdalla, Charles, 2003. "The Amenity And Disamenity Impacts Of Agriculture: Estimates From A Hedonic Pricing Model In Southeastern Pennsylvania," 2003 Annual meeting, July 27-30, Montreal, Canada 22196, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  19. Bergstrom, John C., 2001. "Postproductivism And Rural Land Values," Faculty Series 16689, University of Georgia, Department of Agricultural and Applied Economics. [Downloadable!]
  20. Bergstrom, John C., 2001. "The Role And Value Of Natural Capital In Regional Landscapes," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 33(02), August. [Downloadable!]
  21. Karine Lamiraud & Konrade von Bremen & Cam Donaldson, 2009. "The impact of information on patient preferences in different delivery patterns : a contingent valuation study of prescription versus OTC drugs," Working Papers 0901, University of Lausanne, Institute of Health Economics and Management (IEMS). [Downloadable!]
  22. Kevin Boyle & Semra Özdemir, 2009. "Convergent Validity of Attribute-Based, Choice Questions in Stated-Preference Studies," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(2), pages 247-264, February. [Downloadable!] (restricted)
  23. Skaggs, R.K. & Harper, W.M., 1999. "Predicting Land Purchase Behavior In A Fast Growth, Intensely Agricultural County," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35711, Western Agricultural Economics Association. [Downloadable!]
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