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Farmland Price Determinants

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  • Drescher, Klaus
  • Henderson, Jason R.
  • McNamara, Kevin T.

Abstract

This paper examines determinants of farmland prices in Minnesota. A hedonic price model is used to estimate the implicit value of the land characteristics. Farmland prices are influenced by agricultural production attributes as well as demand factors. The results also suggest that the potential for development of land for higher value non-agricultural activities creates an expectation, that is capitalised into farmland prices.

Suggested Citation

  • Drescher, Klaus & Henderson, Jason R. & McNamara, Kevin T., 2001. "Farmland Price Determinants," 2001 Annual meeting, August 5-8, Chicago, IL 20685, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea01:20685
    DOI: 10.22004/ag.econ.20685
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    References listed on IDEAS

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    Cited by:

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    2. Chen, Le & Rejesus, Roderick M., 2023. "The Impact of Soil Erosion on Agricultural Land Values in the US Midwest," 2023 Annual Meeting, July 23-25, Washington D.C. 335763, Agricultural and Applied Economics Association.
    3. Vasco Capela Tavares & Fernando Tavares & Eulália Santos, 2022. "The Value of Farmland and Its Determinants—The Current State of the Art," Land, MDPI, vol. 11(11), pages 1-14, October.
    4. Huijian Dong & Xiaomin Guo, 2020. "Population, Income, and Farmland Pricing in an Open Economy," IJFS, MDPI, vol. 8(4), pages 1-18, October.
    5. Salman Khan & Ghaffar Ali & Syed Attaullah Shah & Abbas Ullah Jan & Dawood Jan & M. Fayaz, 2016. "A hedonic analysis of agricultural land prices in Pakistan`s Peshawar district," Asian Journal of Agriculture and rural Development, Asian Economic and Social Society, vol. 6(4), pages 59-67, April.

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