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Agricultural Districts and Farmland Prices

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Author Info

  • Vitaliano, Donald F
  • Hill, Constance

Abstract

A hedonic price equation of structureless farmland prices in New York State are fitted to 458 land transactions between 1982-1985. No capitalization is found of the state's Agricultural District farmland preservation program, which combines current-use property taxation with several development-inhibiting features. It is hypothesized that landowners avoid joining the program when it would threaten profits from a development sale, and that those who do participate gain little because agriculture is the highest value use of their land. Copyright 1994 by Kluwer Academic Publishers

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Bibliographic Info

Article provided by Springer in its journal Journal of Real Estate Finance & Economics.

Volume (Year): 8 (1994)
Issue (Month): 3 (May)
Pages: 213-23

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Handle: RePEc:kap:jrefec:v:8:y:1994:i:3:p:213-23

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Web page: http://www.springerlink.com/link.asp?id=102945

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Cited by:
  1. Lynch, Lori & Lovell, Sabrina J., 2001. "Factors Influencing Participation In Agricultural Land Preservation Programs," Working Papers 28590, University of Maryland, Department of Agricultural and Resource Economics.
  2. John Polimeni, 2005. "Simulating Agricultural Conversion to Residential use in the Hudson River Valley: Scenario Analyses and Case Studies," Agriculture and Human Values, Springer, vol. 22(4), pages 377-393, December.
  3. Jason Winfree & Jill McCluskey & Ron Mittelhammer, 2006. "Buyer-Type Effects in Conservation and Preservation Property Values," The Journal of Real Estate Finance and Economics, Springer, vol. 33(2), pages 167-179, September.
  4. Stavins, Robert & Plantinga, Andrew & Lubowski, Ruben, 2002. "The Effects of Potential Land Development on Agricultural Land Prices," Discussion Papers dp-02-11-, Resources For the Future.
  5. 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.
  6. Ronald W. Spahr & Mark A. Sunderman, 2009. "A Model for Federal Public Land Surface Rights' Management," Journal of Real Estate Research, American Real Estate Society, vol. 31(2), pages 119-146.
  7. Winfree, Jason A. & McCluskey, Jill J., 2007. "Takings of development rights with asymmetric information and an endogenous probability of an externality," Journal of Housing Economics, Elsevier, vol. 16(3-4), pages 320-333, November.

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