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Estimating the Value of Water Use Permits: A Hedonic Approach Applied to Farmland in the Southeastern United States

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  • Ragan A. Petrie
  • Laura O. Taylor

Abstract

Agricultural irrigation permits in the Flint River Basin in Georgia had been routinely granted until a moratorium was placed on permit issuance in 1999. This research exploits this policy change within a hedonic-pricing framework to estimate the value of irrigation rights in the southeastern United States. While the value of irrigation rights has been studied extensively in the western United States, differences in property rights and legal regimes, as well as a lack of established water-rights markets in the eastern United States, leave us with little information regarding the value of irrigation rights in this setting.

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Bibliographic Info

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

Volume (Year): 83 (2007)
Issue (Month): 3 ()
Pages: 302-318

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Handle: RePEc:uwp:landec:v:83:y:2007:i:3:p:302-318

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Web page: http://le.uwpress.org/

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Cited by:
  1. Ma, Shan & Swinton, Scott M., 2011. "Valuation of ecosystem services from rural landscapes using agricultural land prices," Ecological Economics, Elsevier, Elsevier, vol. 70(9), pages 1649-1659, July.
  2. Yoo, James & Perrings, Charles & Kinzig, Ann & Abbott, Joshua K. & Simonit, Silvio & Connors, John P. & Maliszewski, Paul J., 2012. "The Value of Water Rights in Agricultural Properties in the Phoenix Active Management Area," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association 124095, Agricultural and Applied Economics Association.
  3. Mukherjee, Monobina & Schwabe, Kurt A., 2012. "Valuing Access To Multiple Water Supply Sources In Irrigated Agriculture With A Hedonic Pricing Model," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington, Agricultural and Applied Economics Association 124604, Agricultural and Applied Economics Association.
  4. Brent, Daniel A., 2013. "The Value of Heterogeneous Property Rights: The Costs of Water Volatility," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association 149698, Agricultural and Applied Economics Association.
  5. Chen, Susan Sou-I, 2010. "Hedonic Valuation of Timber Stands in the Great Lakes Northern Forests," Graduate Research Masters Degree Plan B Papers, Michigan State University, Department of Agricultural, Food, and Resource Economics 98072, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  6. Mabel Tidball & Jean-Philippe Terreaux, 2008. "Information revelation through irrigation water pricing using volume reservations," Working Papers, LAMETA, Universtiy of Montpellier 08-14, LAMETA, Universtiy of Montpellier, revised Sep 2008.
  7. Savage, Jeffrey & Ifft, Jennifer, 2013. "Does Pumping Pay: Groundwater Management Institutions and Cropland Values in Nebraska?," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C., Agricultural and Applied Economics Association 150581, Agricultural and Applied Economics Association.
  8. Yoo, James & Simonit, Silvio & Connors, John P. & Maliszewski, Paul J. & Kinzig, Ann P. & Perrings, Charles, 2013. "The value of agricultural water rights in agricultural properties in the path of development," Ecological Economics, Elsevier, Elsevier, vol. 91(C), pages 57-68.

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