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Implicit Prices Of Wetland Easements

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  • Shultz, Steven D.
  • Taff, Steven J.

Abstract

Farmland prices were regressed against sale size, gross production values, surrounding land uses and wetlands, and perpetual wetland easements administered by United States Fish and Wildlife Service. Each additional wet wetland acre reduced average cropland values by $209 or 51% of average local cropland values while each additional wetland easement acre reduces average land values by $234 which corresponds to 57% of local cropland values.

Suggested Citation

  • Shultz, Steven D. & Taff, Steven J., 2003. "Implicit Prices Of Wetland Easements," 2003 Annual meeting, July 27-30, Montreal, Canada 22163, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea03:22163
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    References listed on IDEAS

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    1. Ralph J. Brown, 1976. "A Study of the Impact of the Wetlands Easement Program on Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 52(4), pages 509-517.
    2. Doss, Cheryl R. & Taff, Steven J., 1996. "The Influence Of Wetland Type And Wetland Proximity On Residential Property Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(01), July.
    3. Abebayehu Tegene & Keith Wiebe & Betsey Kuhn, 1999. "Irreversible Investment Under Uncertainty: Conservation Easements and the Option to Develop Agricultural Land," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(2), pages 203-219.
    4. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economics Reports 34043, United States Department of Agriculture, Economic Research Service.
    5. Anita Regmi, 1997. "Spatial, Productivity, and Environmental Determinants of Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1657-1664.
    6. Capozza Dennis R. & Sick Gordon A., 1994. "The Risk Structure of Land Markets," Journal of Urban Economics, Elsevier, vol. 35(3), pages 297-319, May.
    7. Charles H. Barnard & Gerald Whittaker & David Westenbarger & Mary Ahearn, 1997. "Evidence of Capitalization of Direct Government Payments into U.S. Cropland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1642-1650.
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    Keywords

    Resource /Energy Economics and Policy;

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