IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

An Empirical Analysis Of The Louisiana Rural Land Market

  • Kennedy, Gary A.
  • Henning, Steven A.
  • Vandeveer, Lonnie R.
  • Dai, Ming
Registered author(s):

    Structural changes in the farm production sector, continued pressure to reform existing agricultural policies, and an increasing demand for nonagricultural real estate emphasize the need for rural land market research. Rural land, with a wide diversity of physical characteristics and use, continues to be a large portion of Louisiana's total land base. Of Louisiana's total 28,493,440 land acres, cropland and pastureland account for 7,811,413 acres or 27 percent (1992 Louisiana Census of Agriculture). If timberland is included (USDA, Forest Service, 1991), rural land accounts for 79 percent of Louisiana's total land acreage. The measurement of economic, locational, and topographic variables hypothesized to influence rural land values is expected to be useful in managing Louisiana's land resource. This report presents estimates of the effects of various rural real estate characteristics on the value of rural real estate. This analysis does not include macroeconomic variables and aesthetic or psychological factors that may influence rural real estate prices. Therefore, information provided herein should be used in a general context and should not be used as the sole source of valuation for any specific parcel of rural real estate. Current local market conditions may not be accurately reflected in the results because of the limited data and the complexity of factors influencing values in a local land market.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://purl.umn.edu/31682
    Download Restriction: no

    Paper provided by Louisiana State University, Department of Agricultural Economics and Agribusiness in its series Station Bulletins with number 31682.

    as
    in new window

    Length:
    Date of creation: 1997
    Date of revision:
    Handle: RePEc:ags:lsustb:31682
    Contact details of provider: Postal: Baton Rouge, LA 70803-6306
    Web page: http://www.agecon.lsu.edu/

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Elad, Renata L. & Clifton, Ivery D. & Epperson, James E., 1994. "Hedonic Estimation Applied To The Farmland Market In Georgia," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(02), December.
    2. J. S. Shonkwiler & J. E. Reynolds, 1986. "A Note on the Use of Hedonic Price Models in the Analysis of Land Prices at the Urban Fringe," Land Economics, University of Wisconsin Press, vol. 62(1), pages 58-63.
    3. Kennedy, Gary A. & Henning, Steven A. & Vandeveer, Lonnie R., 1995. "Rural Land Values And Tenure Arrangements In Louisiana," DAE Research Reports 31662, Louisiana State University, Department of Agricultural Economics and Agribusiness.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ags:lsustb:31682. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.