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Farmland Values And Urbanization

Author

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  • Morris, Douglas E.

Abstract

Estimates of the effect of urbanization on farmland values and eventually food prices are presented. These estimates, which reveal a strong positive relationship between urbanization and farmland values, are used to construct elasticities of farmland value related to population density for the 10 farm production regions in the 48 contiguous States. These elasticities are generally elastic; thus the author examines the issue of including a land charge in commodity cost of production budgets that could eventually be used as a basis for loan rates.

Suggested Citation

  • Morris, Douglas E., 1978. "Farmland Values And Urbanization," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 30(1), pages 1-4, January.
    • Handle: RePEc:ags:uersja:148256
    DOI: 10.22004/ag.econ.148256
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    Citations

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    Cited by:

    1. Danielson, Leon E., 1981. "The Rural Real Estate Market In North Carolina," Department of Economics and Business - Archive 259552, North Carolina State University, Department of Economics.
    2. Pope, Rulon D. & Kramer, Randall A. & Green, Richard D. & Gardner, B. Delworth, 1979. "An Evaluation Of Econometric Models Of U.S. Farmland Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(1), pages 1-14, July.
    3. Barton, Nick & Adelaja, Adesoji O. & Seedang, Saichon, 2005. "Testing Speculative Behavior in Farmland Demand," 2005 Annual meeting, July 24-27, Providence, RI 19308, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Sandrey, Ronald A. & Arthur, Louise M. & Oliveira, Ronald A. & Wilson, W. Robert, 1982. "Determinants Of Oregon Farmland Values: A Pooled Cross-Sectional, Time Series Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-10, December.

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