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

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Author Info
Herriges, Joseph A.
Secchi, Silvia
Babcock, Bruce A.

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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 large-scale operations, most likely reflecting age, type, and management practices of the moderate-sized operations.

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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 10683.

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Date of creation: 08 Aug 2003
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Publication status: Published in Land Economics, November 2005, Vol. 81, No. 4, pp. 530-545.
Handle: RePEc:isu:genres:10683

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
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Web page: http://www.econ.iastate.edu
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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.:
  1. Kohlhase, Janet E., 1991. "The impact of toxic waste sites on housing values," Journal of Urban Economics, Elsevier, vol. 30(1), pages 1-26, July. [Downloadable!] (restricted)
  2. Smith, V Kerry & Huang, Ju-Chin, 1995. "Can Markets Value Air Quality? A Meta-analysis of Hedonic Property Value Models," Journal of Political Economy, University of Chicago Press, vol. 103(1), pages 209-27, February. [Downloadable!] (restricted)
  3. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb.. [Downloadable!] (restricted)
  4. 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. [Downloadable!] (restricted)
  5. Alan K. Reichert & Michael Small & Sunil Mohanty, 1992. "The Impact of Landfills on Residential Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 7(3), pages 297-314. [Downloadable!]
  6. Farber, Stephen, 1998. "Undesirable facilities and property values: a summary of empirical studies," Ecological Economics, Elsevier, vol. 24(1), pages 1-14, January. [Downloadable!] (restricted)
  7. Katherine A. Kiel, 1995. "Measuring the Impact of the Discovery and Cleaning of Identified Hazardous Waste Sites on House Values," Land Economics, University of Wisconsin Press, vol. 71(4), pages 428-435. [Downloadable!] (restricted)
  8. 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. [Downloadable!]
  9. McCluskey, Jill Jennifer & Rausser, Gordon C., 1999. "Estimation of perceived risk and its effect on property values," CUDARE Working Paper Series 879, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy, revised 2000.
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  10. 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. [Downloadable!]
  11. Smith, V Kerry & Desvousges, William H, 1986. "The Value of Avoiding a Lulu: Hazardous Waste Disposal Sites," The Review of Economics and Statistics, MIT Press, vol. 68(2), pages 293-99, May. [Downloadable!] (restricted)
  12. Ready, Richard & Abdalla, Charles, 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). [Downloadable!]
  13. Raymond B. Palmquist & Fritz M. Roka & Tomislav Vukina, 1997. "Hog Operations, Environmental Effects, and Residential Property Values," Land Economics, University of Wisconsin Press, vol. 73(1), pages 114-124. [Downloadable!] (restricted)
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Cited by:
(explanations, 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.)

  1. Nehring, Richard & 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). [Downloadable!]
  2. Christophe Bontemps & Michel Simioni & Yves Surry, 2008. "Semiparametric hedonic price models: assessing the effects of agricultural nonpoint source pollution," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 23(6), pages 825-842. [Downloadable!]
  3. Larue, S. & Abildtrup, J. & Schmitt, B., 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. [Downloadable!]
  4. Bayoh, Isaac & Irwin, Elena & Roe, Brian, 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). [Downloadable!]
  5. Secchi, Silvia, 2007. "Watching Corn Grow: A Hedonic Study of the Iowa Landscape," Staff General Research Papers 12787, Iowa State University, Department of Economics. [Downloadable!]
  6. 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. [Downloadable!]
  7. Alexander E. Saak, 2004. "Equilibrium and Efficient Land-Use Arrangements under Spatial Externality on a Lattice," Food and Agricultural Policy Research Institute (FAPRI) Publications 04-wp376, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University. [Downloadable!]
  8. Alexander E. Saak, 2003. "Spatial Arrangements of Externality Generating and Receiving Activities," Center for Agricultural and Rural Development (CARD) Publications 03-wp348, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
  9. Bontemps, Christophe & Simioni, Michel & Surry, Yves, 2005. "Hedonic Housing Prices and Agricultural Pollution: An Empirical Investigation on Semiparametric Models," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24709, European Association of Agricultural Economists. [Downloadable!]
  10. Saak, Alexander, 2003. "Spatial Arrangements of Externality Generating and Receiving Activities," Staff General Research Papers 10909, Iowa State University, Department of Economics. [Downloadable!]
  11. Alexander E. Saak, 2004. "Equilibrium and Efficient Land-Use Arrangements under Spatial Externality on a Lattice," Center for Agricultural and Rural Development (CARD) Publications 04-wp376, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
  12. Saak, Alexander, 2004. "Equilibrium and Efficient Land-Use Arrangements under Spatial Externality on a Lattice," Staff General Research Papers 12211, Iowa State University, Department of Economics. [Downloadable!]
  13. Silvia Secchi, 2007. "Watching Corn Grow: A Hedonic Study of the Iowa Landscape," Center for Agricultural and Rural Development (CARD) Publications 07-wp445, Center for Agricultural and Rural Development (CARD) at Iowa State University. [Downloadable!]
  14. 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. [Downloadable!] (restricted)
  15. 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). [Downloadable!]
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