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Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values

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  • Joseph A. Herriges
  • Silvia Secchik
  • JBruce A. Babcock

Abstract

We estimated a hedonic model to explain variations in residential sales price with standard house attributes, such as number of bedrooms and square feet of living space, as well as the effects of distance and density of livestock feeding operations. We find that livestock operations have an overall statistically significant effect on property values. Predicted negative effects are largest for properties that are downwind and close to livestock operations. In addition, feeding operations that are moderate in size have more impact than do largescale operations, most likely reflecting age, type, and management practices of the moderate-sized operations.

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Bibliographic Info

Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 81 (2005)
Issue (Month): 4 ()
Pages:

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Handle: RePEc:uwp:landec:v:81:y:2005:i:4:p530-545

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  1. Taff, Steven J. & Tiffany, Douglas G. & Weisberg, Sanford, 1996. "Measured Effects Of Feedlots On Residential Property Values In Minnesota: A Report To The Legislature," Staff Papers 14121, University of Minnesota, Department of Applied Economics.
  2. McCluskey, Jill Jennifer & Rausser, Gordon C, 2000. "Estimation of perceived risk and its effect on property values," CUDARE Working Paper Series 879R, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
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  5. Kiel Katherine A. & McClain Katherine T., 1995. "House Prices during Siting Decision Stages: The Case of an Incinerator from Rumor through Operation," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 241-255, March.
  6. Ready, Richard C. & Abdalla, Charles W., 2003. "The Amenity And Disamenity Impacts Of Agriculture: Estimates From A Hedonic Pricing Model In Southeastern Pennsylvania," 2003 Annual meeting, July 27-30, Montreal, Canada 22196, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Mark Thayer & Heidi Albers & Morteza Rahmatian, 1992. "The Benefits of Reducing Exposure to Waste Disposal Sites: A Hedonic Housing Value Approach," Journal of Real Estate Research, American Real Estate Society, vol. 7(3), pages 265-282.
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Cited by:
  1. Jungik Kim & Peter Goldsmith, 2009. "A Spatial Hedonic Approach to Assess the Impact of Swine Production on Residential Property Values," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 42(4), pages 509-534, April.
  2. Dayton Lambert & Christopher Clark & Michael Wilcox & Seong-Hoon Cho, 2011. "Distance, density, local amenities, and suburban development preferences in a rapidly growing East Tennessee county," Agriculture and Human Values, Springer, vol. 28(4), pages 519-532, December.
  3. Bontemps, Christophe & Simioni, Michel & Surry, Yves R., 2005. "Hedonic Housing Prices and Agricultural Pollution: An Empirical Investigation on Semiparametric Models," 2005 Annual meeting, July 24-27, Providence, RI 19547, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Fernandez-Cornejo, Jorge & Nehring, Richard F. & Erickson, Kenneth W., 2007. "Off-Farm Work and Economic Performance: Comparing Crop and Livestock Farms," 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon TN 9904, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Eyckmans, Johan & De Jaeger, Simon & Rousseau, Sandra, 2011. "Hedonic valuation of odor nuisance using field measurements, a case study of an animal waste processing facility in Flanders," Working Papers 2011/19, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
  6. Bontemps, C. & Simioni, M. & Surry, Y., 2006. "Semiparametric hedonic price models : assessing the effects of agricultural nonpoint source pollution," Economics Working Paper Archive (Toulouse) 200602, French Institute for Agronomy Research (INRA), Economics Laboratory in Toulouse (ESR Toulouse).
  7. Hodge, Timothy R., 2011. "The Effect of Ethanol Plants on Residential Property Values: Evidence from Michigan," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 41(2).
  8. Robert Deacon & Felix Schl├Ąpfer, 2010. "The Spatial Range of Public Goods Revealed Through Referendum Voting," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 47(3), pages 305-328, November.
  9. Nehring, Richard F. & Fernandez-Cornejo, Jorge, 2005. "The Impacts of Off-Farm Income on Farm Efficiency, Scale, and Profitability for Corn Farms," 2005 Annual meeting, July 24-27, Providence, RI 19566, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  10. Bayoh, Isaac & Irwin, Elena G. & Roe, Brian E., 2004. "The Value Of Clean Dairy Air: Accounting For Endogeneity And Spatially Correlated Errors In A Hedonic Analyses Of The Impact Of Animal Operations On Local Property Values," 2004 Annual meeting, August 1-4, Denver, CO 20364, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  11. Alexander E. Saak, 2003. "Spatial Arrangements of Externality Generating and Receiving Activities," Food and Agricultural Policy Research Institute (FAPRI) Publications 03-wp348, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  12. Peter Goldsmith & Filipe Pereira, 2014. "Outlining a strategic legitimacy assessment method: the case of the Illinois livestock industry," Agriculture and Human Values, Springer, vol. 31(2), pages 215-230, June.
  13. Michael Brady & Elena Irwin, 2011. "Accounting for Spatial Effects in Economic Models of Land Use: Recent Developments and Challenges Ahead," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 48(3), pages 487-509, March.
  14. Larue, S. & Abildtrup, Jens & Schmitt, Bertrand, 2008. "Modelling the Spatial Structure of Pig Production in Denmark," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 44281, European Association of Agricultural Economists.
  15. Jungik Kim & Peter Goldsmith & Michael Thomas, 2010. "Economic impact and public costs of confined animal feeding operations at the parcel level of Craven County, North Carolina," Agriculture and Human Values, Springer, vol. 27(1), pages 29-42, March.
  16. Ran, Tao & Zhao, Jinhua, 2005. "Impacts of Livestock Operations: A Gaussian Dispersion Hedonic Approach," 2005 Annual meeting, July 24-27, Providence, RI 19116, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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