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The Value of Inherent Soil Characteristics: A Hedonic Analysis

Author

Listed:
  • Samarasinghe, Oshadhi
  • Greenhalgh, Suzie

Abstract

In an attempt to value soil natural capital, we use the inherent characteristics of soil and land valuation data to examine the relationship between soil characteristics and rural farmland values in the 6000ks2 Manawatu catchment in New Zealand. The study applies a hedonic pricing method to determine if the value of ‘critical’ inherent characteristics of soils are reflected in land values. We find empirical evidence that the examined characteristics of soil natural capital stock, e.g., particle size, drainage, potential rooting depth and profile available water, are in fact reflected in rural land values.

Suggested Citation

  • Samarasinghe, Oshadhi & Greenhalgh, Suzie, 2010. "The Value of Inherent Soil Characteristics: A Hedonic Analysis," 2009 Conference, August 27-28, 2009, Nelson, New Zealand 97158, New Zealand Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:nzar09:97158
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    File URL: http://purl.umn.edu/97158
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