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Estimating Amenity Benefits of Coastal Farmland

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  • Robert J. Johnston

Abstract

This paper investigates differences in non-market farmland amenity values estimated using distinct methodologies, with a focus on the potential causes and policy implications. The paper compares farmland amenity values generated by a hedonic property value model and a contingent choice model, both estimated from data collected in the Peconic Estuary System of Suffolk County, NY. The analysis demonstrates that a combination of non-market valuation methodologies can provide policy insights not otherwise available to those relying on any single approach, and illustrates types of information that may be obscured by methodologies used in isolation. Copyright 2001 Gatton College of Business and Economics, University of Kentucky.

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/0017-4815.00161
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Bibliographic Info

Article provided by Gatton College of Business and Economics, University of Kentucky in its journal Growth and Change.

Volume (Year): 32 (2001)
Issue (Month): 3 ()
Pages: 305-325

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Handle: RePEc:bla:growch:v:32:y:2001:i:3:p:305-325

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Cited by:
  1. Hodgkinson, Ann & Valadkhani, Abbas, 2009. "Community Valuations of Environmental Qality in Coastal Lakes: Lake Illawarra Case Study," Economics Working Papers wp09-03, School of Economics, University of Wollongong, NSW, Australia.
  2. Waltert, Fabian & Schl├Ąpfer, Felix, 2010. "Landscape amenities and local development: A review of migration, regional economic and hedonic pricing studies," Ecological Economics, Elsevier, vol. 70(2), pages 141-152, December.
  3. Johnston, Robert J. & Duke, Joshua M. & Kukielka, Jessica B., 2008. "Optimizing Farmland Preservation Choices Across Communities and Jurisdictional Scales: To What Extent are Amenity Values and Selection Criteria Transferable?," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6243, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Ma, Shan & Swinton, Scott M., 2011. "Valuation of ecosystem services from rural landscapes using agricultural land prices," Ecological Economics, Elsevier, vol. 70(9), pages 1649-1659, July.
  5. Duke, Joshua M. & Lynch, Lori, 2006. "Gauging Support for Innovative Farmland Preservation Techniques," Working Papers 28586, University of Maryland, Department of Agricultural and Resource Economics.
  6. Bauer, Dana Marie & Swallow, Stephen K., 2005. "Allocation of Land at the Rural-Urban Fringe Using a Spatially-Realistic Ecosystem Constraint," 2005 Annual meeting, July 24-27, Providence, RI 19394, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Fabian Waltert & Felix Schlaepfer, 2007. "The role of landscape amenities in regional development: a survey of migration, regional economic and hedonic pricing studies," SOI - Working Papers 0710, Socioeconomic Institute - University of Zurich.

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