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Capitalization Of Farmland Preservation Programs Into Farmland Prices


  • Nickerson, Cynthia J.
  • Lynch, Lori


This paper examines whether permanent farmland preservation programs are capitalized into farmland prices. We consider the landowner's decision to voluntarily participate and correct for sample selection bias in our estimation of sales prices. Initial results suggest development restrictions resulting from participation in these programs are fully capitalized into farmland prices.

Suggested Citation

  • Nickerson, Cynthia J. & Lynch, Lori, 1998. "Capitalization Of Farmland Preservation Programs Into Farmland Prices," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20877, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea98:20877
    DOI: 10.22004/ag.econ.20877

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    References listed on IDEAS

    1. Richard E. Just & John A. Miranowski, 1993. "Understanding Farmland Price Changes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 156-168.
    2. John E. Anderson & Howard C. Bunch, 1989. "Agricultural Property Tax Relief: Tax Credits, Tax Rates, and Land Values," Land Economics, University of Wisconsin Press, vol. 65(1), pages 13-22.
    3. Anderson, John E., 1993. "State tax credits and land use: Policy analysis of circuit-breaker effects," Resource and Energy Economics, Elsevier, vol. 15(3), pages 295-312, September.
    4. E. C. Pasour, 1975. "The Capitalization of Real Property Taxes Levied on Farm Real Estate," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 539-548.
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