Combining hedonic and negative exponential techniques to estimate the market value of land
AbstractGiven the importance of land valuation to various stakeholders, the objective of this research is to estimate a theoretically sound model to model the market value of land in Kansas, accounting for urban influence and site specific characteristics. The model is estimated using data on all sales of agricultural land in Kansas between 1996 and 2004. Results indicate that the upward, urban pressure on price is greater for Kansas City relative to Wichita. Kansas City had a much slower rate of decay than either Wichita or cities with a population of more than 10,000.
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Bibliographic InfoArticle provided by Emerald Group Publishing in its journal Agricultural Finance Review.
Volume (Year): 67 (2007)
Issue (Month): 2 (September)
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Web page: http://www.emeraldinsight.com
Postal: Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
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- Christopher Zakrzewicz & B. Wade Brorsen & Brian C. Briggeman, 2012.
"Comparison of alternative sources of farmland values,"
Agricultural Finance Review,
Emerald Group Publishing, vol. 72(1), pages 68-86, March.
- Zakrzewicz, Christopher J. & Brorsen, B. Wade & Briggeman, Brian C., 2011. "Comparison of Alternative Sources of Farmland Values," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103758, Agricultural and Applied Economics Association.
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