Corn ethanol plants consume large amounts of corn and their location has the potential to alter local crop prices and surrounding agricultural land values. The relationship between ethanol plant location and agricultural land prices is examined using data obtained from the Agricultural Credit Survey administered by the Federal Reserve Bank of Kansas City. The findings indicate that the portion of land price changes attributable to location is consistent with previous estimates of basis changes associated with ethanol plant location. As a result, the land markets appear to be rationally adjusting to the location of ethanol plants.
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Paper provided by Cornell University, Department of Applied Economics and Management in its series Working Papers with number
51080.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Livanis, Grigorios & Moss, Charles B. & Breneman, Vincent E. & Nehring, Richard F., 2005.
"Urban Sprawl and Farmland Prices,"
Working Papers
15657, University of Florida, International Agricultural Trade and Policy Center.
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