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Development Rights and the Differential Assessment of Agricultural Land: Fractional Valuation of Farmland is Ineffective for Preserving Open Space and Subsidizes Speculation

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  • Robert A. Blewett
  • Julia I. Lane

Abstract

. The relative fiscal efficacy of using differential assessment as a means of preserving agricultural land is examined. A simple model of land use and land rent determination is developed and tested. An implication is that differential assessment merely delays or retards, but does not prevent, the conversion of land to developed uses. Differential assessment is viewed as a tax expenditure, or special tax reduction, that in essence leases development rights, Landowners are also shown to be overcompensated for the development rights implicitly acquired by the public sector. The fee simple purchase of development rights or regulatory control over the use of development rights can be employed to preserve farm land at a lower fiscal cost.

Suggested Citation

  • Robert A. Blewett & Julia I. Lane, 1988. "Development Rights and the Differential Assessment of Agricultural Land: Fractional Valuation of Farmland is Ineffective for Preserving Open Space and Subsidizes Speculation," American Journal of Economics and Sociology, Wiley Blackwell, vol. 47(2), pages 195-205, April.
    • Handle: RePEc:bla:ajecsc:v:47:y:1988:i:2:p:195-205
    DOI: 10.1111/j.1536-7150.1988.tb02027.x
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    References listed on IDEAS

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    1. Schwartz, S. I. & Hansen, D. E. & Foin, T. C., 1975. "Preferential taxation and the control of urban sprawl: An analysis of the California Land Conservation Act," Journal of Environmental Economics and Management, Elsevier, vol. 2(2), pages 120-134, December.
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    Cited by:

    1. Kent Kovacs, 2013. "An empirical examination of the location and timing of non-renewals in a farmland differential assessment program," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 50(1), pages 245-263, February.
    2. Jeffrey A Onsted & Keith C Clarke, 2011. "Forecasting Enrollment in Differential Assessment Programs Using Cellular Automata," Environment and Planning B, , vol. 38(5), pages 829-849, October.
    3. Kashian, Russell, 2004. "State Farmland Preferential Assessment: A Comparative Study," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 34(1), pages 1-12.
    4. Lu, Chen-Fu & Cheng, Chia-Yi, 2023. "Does the change of agricultural zoning policy achieve farmland protection in Taiwan?," Land Use Policy, Elsevier, vol. 126(C).
    5. Cooper, Joseph C., 1995. "The Application of Nonmarket Valuation Techniques to Agricultural Issues," Staff Reports 333359, United States Department of Agriculture, Economic Research Service.
    6. 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), pages 1-9, October.
    7. Stobbe, Tracy & Eagle, Alison J. & van Kooten, G. Cornelis, 2008. "Hobby Farms and Protection of Farmland in British Columbia," Working Papers 37048, University of Victoria, Resource Economics and Policy.
    8. Xiangping Liu & Lori Lynch, 2011. "Do Agricultural Land Preservation Programs Reduce Farmland Loss? Evidence from a Propensity Score Matching Estimator," Land Economics, University of Wisconsin Press, vol. 87(2), pages 183-201.
    9. Liu, Xiangping & Lynch, Lori, 2006. "Do Agricultural Preservation Programs Affect Farmland Conversion? Evidence from a Propensity Score Matching Estimator," Working Papers 28569, University of Maryland, Department of Agricultural and Resource Economics.
    10. Joshua Duke & Lori Lynch, 2007. "Gauging support for innovative farmland preservation techniques," Policy Sciences, Springer;Society of Policy Sciences, vol. 40(2), pages 123-155, June.
    11. Joshua M. Duke & Lori Lynch, 2006. "Farmland Retention Techniques: Property Rights Implications and Comparative Evaluation," Land Economics, University of Wisconsin Press, vol. 82(2), pages 189-213.

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