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Dynamics of a Rural Land Market Experiencing Farmland Conversion to Acreages: The Case of Saunders County, Nebraska

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Listed:
  • David J. Drozd
  • Bruce B. Johnson

Abstract

This study analyzes an urban-influenced real estate market that is experiencing land use transitions. Evaluating a three-year period of unimproved real estate sales in Saunders County, Nebraska, has identified components that contribute to farmland values. Applying these components illustrates that buyers having special motivations often pay premiums to obtain agricultural land. A model based on farmland productivity determines a crossover point where it becomes economically justifiable to convert farmland into acreage tracts, illustrating productivity levels where concerns over development hold merit. Areas experiencing farmland development will obtain valuable information for land use and planning decisions from applying this research.

Suggested Citation

  • David J. Drozd & Bruce B. Johnson, 2004. "Dynamics of a Rural Land Market Experiencing Farmland Conversion to Acreages: The Case of Saunders County, Nebraska," Land Economics, University of Wisconsin Press, vol. 80(2), pages 294-311.
    • Handle: RePEc:uwp:landec:v:80:y:2004:i:2:p:294-311
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    Citations

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    Cited by:

    1. Benoît A. Delbecq & Todd H. Kuethe & Allison M. Borchers, 2014. "Identifying the Extent of the Urban Fringe and Its Impact on Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 90(4), pages 587-600.
    2. Reed, L.L. & Kleynhans, Theo E., 2009. "Agricultural land purchases for alternative uses – evidence from two farming areas in the Western Cape province, South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 48(3), pages 1-20, September.
    3. Boonyanam, Nararuk, 2020. "Agricultural economic zones in Thailand," Land Use Policy, Elsevier, vol. 99(C).
    4. Blank, Steven C. & Erickson, Kenneth W. & Nehring, Richard F. & Hallahan, Charles B., 2006. "Agricultural Profits and Farm Household Wealth: A Farm-level and Cross-sectional Analysis," 2006 Annual meeting, July 23-26, Long Beach, CA 21436, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    JEL classification:

    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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