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Agricultural Land Values under Urbanizing Influences


  • Yue Jin Shi
  • Timothy T. Phipps
  • Dale Colyer


The research reported in this paper combines agricultural and urban-fringe models, utilizes a combination of cross-sectional and time-series data from the Census of Agriculture and other sources, and estimates a single-equation model for West Virginia farmland prices. Urban influences on land prices are captured using a gravity model adapted from marketing research. The results indicate that both farm income and urban influences have been important factors affecting the value of the state's farmland. The gravity model is a promising and parsimonious method for capturing urban influences in a single variable that combines size and distance.

Suggested Citation

  • Yue Jin Shi & Timothy T. Phipps & Dale Colyer, 1997. "Agricultural Land Values under Urbanizing Influences," Land Economics, University of Wisconsin Press, vol. 73(1), pages 90-100.
  • Handle: RePEc:uwp:landec:v:73:y:1997:i:1:p:90-100

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    References listed on IDEAS

    1. George I. Treyz & Dan S. Rickman & Gang Shao, 1991. "The REMI Economic-Demographic Forecasting and Simulation Model," International Regional Science Review, , vol. 14(3), pages 221-253, December.
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    3. Oates, Wallace E & Portney, Paul R & McGartland, Albert M, 1989. "The Net Benefits of Incentive-Based Regulation: A Case Study of Environmental Standard Setting," American Economic Review, American Economic Association, vol. 79(5), pages 1233-1242, December.
    4. Thomas H. Tietenberg, 1980. "Transferable Discharge Permits and the Control of Stationary Source Air Pollution: A Survey and Synthesis," Land Economics, University of Wisconsin Press, vol. 56(4), pages 391-416.
    5. Baumol,William J. & Oates,Wallace E., 1988. "The Theory of Environmental Policy," Cambridge Books, Cambridge University Press, number 9780521322249, March.
    6. Krupnick, Alan J. & Oates, Wallace E. & Van De Verg, Eric, 1983. "On marketable air-pollution permits: The case for a system of pollution offsets," Journal of Environmental Economics and Management, Elsevier, vol. 10(3), pages 233-247, September.
    7. Atkinson, Scott & Tietenberg, Tom, 1991. "Market failure in incentive-based regulation: The case of emissions trading," Journal of Environmental Economics and Management, Elsevier, vol. 21(1), pages 17-31, July.
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