The Effects of Farmland, Farmland Preservation, and Other Neighborhood Amenities on Housing Values and Residential Growth
AbstractUsing data from a conjoint instru- The public’s increased demand for farmment, we estimate compensating variation for the land preservation has coincided with the presence of neighboring land that is dedicated to expansion of urban areas into once agriculagricultural use (versus developed uses), the pres- tural-dominated landscapes. For example, ervation of surrounding farmland as permanent analysis of voting cropland, and key neighborhood characteristics patterns in Rhode Island such as neighborhood parks, commute times, (Kline and Wichelns 1994) shows that supschool quality, and safety.We find that rural-urban port for farmland preservations programs fringe areas that are located within commuting dis- is correlated with recent population growth tance of urban areas and that have an abundance and increased housing values that typify ruof farmland could attract residential development. ral-urban fringe areas. Previous research Typical preservation efforts, featuring small par- suggests that local support of farmland prescels of preserved farmland, would induce further ervation can arise from residents’ preferresidential growth only for areas with short com- ences for attributes that locally preserved mutes and small amounts of remaining farmland.
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Bibliographic InfoArticle provided by University of Wisconsin Press in its journal Land Economics.
Volume (Year): 80 (2004)
Issue (Month): 1 ()
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Web page: http://le.uwpress.org/
Find related papers by JEL classification:
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
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- Caruso, Geoffrey & Peeters, Dominique & Cavailhes, Jean & Rounsevell, Mark, 2007. "Spatial configurations in a periurban city. A cellular automata-based microeconomic model," Regional Science and Urban Economics, Elsevier, vol. 37(5), pages 542-567, September.
- Gottlieb, Paul D. & O’Donnell, Anthony & Rudel, Thomas & O’Neill, Karen & McDermott, Melanie, 2012. "Determinants of local housing growth in a multi-jurisdictional region, along with a test for nonmarket zoning," Journal of Housing Economics, Elsevier, vol. 21(4), pages 296-309.
- Kovacs, Kent F. & Larson, Douglas M., 2005. "Development Patterns and the Recreation Value of Amenities," 2005 Annual meeting, July 24-27, Providence, RI 19149, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
- Gottlieb, Paul D. & O'Donnell, Anthony & Rudel, Thomas & O'Neill, Karen & McDermott, Melanie, 2009. "The impact of large-lot zoning and open space acquisition on home building in rural communities," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49310, Agricultural and Applied Economics Association.
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