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Effects of Ownership Restrictions on Farmland Values in Saskatchewan

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  • Carlberg, Jared G.

Abstract

Restrictions on the ownership of farmland by nonresidents of Saskatchewan were imposed by the Farmland Security Act (FSA) in 1974. The FSA has been blamed by some observers for depressed provincial land values. An adaptive expectations present value model is developed to estimate the effects of the FSA, with the province of Alberta included as a control. Results of seemingly unrelated regressions and generalized autoregressive conditional heteroscedasticity estimates find no statistically significant effect of the FSA on the value of land in Saskatchewan. This may indicate that the effect of the regulatory change is too small to be measured accurately.

Suggested Citation

  • Carlberg, Jared G., 2002. "Effects of Ownership Restrictions on Farmland Values in Saskatchewan," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 34(2), pages 349-358, August.
    • Handle: RePEc:cup:jagaec:v:34:y:2002:i:02:p:349-358_00
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    Cited by:

    1. Feichtinger, Paul & Salhofer, Klaus, 2011. "The Valuation of Agricultural Land and the Influence of Government Payments," Working papers 119103, Factor Markets, Centre for European Policy Studies.
    2. Bell, Peter N, 2014. "Farmland Ownership Policy: Technical Paper," MPRA Paper 53185, University Library of Munich, Germany.
    3. Paul Feichtinger & Klaus Salhofer, 2016. "The Fischler Reform of the Common Agricultural Policy and Agricultural Land Prices," Land Economics, University of Wisconsin Press, vol. 92(3), pages 411-432.
    4. Bell, Peter N, 2014. "Farmland Ownership Restrictions: Between a Rock and a Hard Place," MPRA Paper 53033, University Library of Munich, Germany.
    5. Feichtinger, Paul & Salhofer, Klaus, 2013. "What Do We Know about the Influence of Agricultural Support on Agricultural Land Prices?," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 62(02), pages 1-15, May.
    6. Góral, Justyna & Kulawik, Jacek, 2015. "Problem of capitalisation of subsidies in agriculture," Problems of Agricultural Economics / Zagadnienia Ekonomiki Rolnej 240758, Institute of Agricultural and Food Economics - National Research Institute (IAFE-NRI).
    7. Feichtinger, Paul & Salhofer, Klaus, 2013. "What Do We Know about the Influence of Agricultural Support on Agricultural Land Prices?," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 62(2).
    8. Gabruch, Mandy L. & Micheels, Eric T., 2017. "2016 WAEA Winning Student Submission: The Effect of Saskatchewan's Ownership Restrictions on Farmland Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 42(1), pages 1-13, January.

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