IDEAS home Printed from https://ideas.repec.org/p/ags/umaesp/13413.html

Financing Farmland Preservation: The Twin Cities Metropolitan Area Experience

Author

Listed:
  • Greden, Leah R.
  • Taff, Steven J.

Abstract

Two farmland protection programs in the Twin Cities (Minnesota) Metropolitan Area--Green Acres and Agricultural Preserves-- together enrolled 608,331 acres in 1992. The principal financing tool was a provision common to both programs under which participating landowners paid reduced property taxes in exchange for certain non- development assurances. The resulting shift in property tax obligations to other taxpayers amounted to $7.6 million for the 1993 tax year, an average shift of $12.50 per enrolled acre. Annual per- acre tax reductions across localities ranged from zero to $933.

Suggested Citation

  • Greden, Leah R. & Taff, Steven J., 1994. "Financing Farmland Preservation: The Twin Cities Metropolitan Area Experience," Staff Papers 13413, University of Minnesota, Department of Applied Economics.
    • Handle: RePEc:ags:umaesp:13413
    DOI: 10.22004/ag.econ.13413
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/13413/files/p94-09.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.13413?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Bergstrom, John C. & Dillman, B.L. & Stoll, John R., 1985. "Public Environmental Amenity Benefits Of Private Land: The Case Of Prime Agricultural Land," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(01), pages 1-11, July.
    2. Roy Boyd & Geoffrey K. Turnbull, 1989. "The Effects of Greenspace Tax Laws on Urban Development," The Review of Regional Studies, Southern Regional Science Association, vol. 19(2), pages 30-39, Spring.
    3. repec:cup:jagaec:v:17:y:1985:i:01:p:139-149_01 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Taff, Steven J., 2002. "Community-Wide Financial Impacts Of Preferential Assessments For Farmland Properties," Staff Papers 13244, University of Minnesota, Department of Applied Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kathryn Anderson & Diana Weinhold, 2005. "Do Conservation Easements Reduce Land Prices? The Case of South Central Wisconsin," Urban/Regional 0506001, University Library of Munich, Germany.
    2. Alhassan, Mustapha & Gustafson, Christopher R. & Schoengold, Karina, "undated". "Effects of Information Framing on Smallholder Irrigation Farmers’ Willingness to Pay for Groundwater Protection: The Case of Vea Irrigation Scheme in Ghana," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258432, Agricultural and Applied Economics Association.
    3. Peterson, Jeffrey M. & Boisvert, Richard N. & de Gorter, Harry, 1999. "Multifunctionality and Optimal Environmental Policies for Agriculture in an Open Economy," Working Papers 127701, Cornell University, Department of Applied Economics and Management.
    4. Weaver, Robert D., 1989. "Rational Roots Of "Irrational" Behavior: Discussion," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 18(2), pages 1-5, October.
    5. Jette Jacobsen & Nick Hanley, 2009. "Are There Income Effects on Global Willingness to Pay for Biodiversity Conservation?," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(2), pages 137-160, June.
    6. Sande, Doris N. & Mullen, Jeffrey D. & Nzaku, Kilungu, 2009. "Amenity benefits and public policy: An application to the Georgia Pecan Industry," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46851, Southern Agricultural Economics Association.
    7. Broberg, Thomas & Daniel, Aemiro Melkamu & Persson, Lars, 2021. "Household preferences for load restrictions: Is there an effect of pro-environmental framing?," Energy Economics, Elsevier, vol. 97(C).
    8. Norris, Patricia E. & Deaton, Brady J., Jr., 2001. "Understanding The Demand For Farmland Preservation: Implications For Michigan Policies," Staff Paper Series 11791, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Bergstrom, John C. & Stoll, John R., 1985. "Cognitive Decision Processes, Information, and Contingent Valuation," 1985 Annual Meeting, August 4-7, Ames, Iowa 278589, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Yerushalmi, Erez, 2018. "Using Water Allocation in Israel as a Proxy for Imputing the Value of Agricultural Amenities," Ecological Economics, Elsevier, vol. 149(C), pages 12-20.
    11. Saez, Maria Del Carmen Almansa & Calatrava-Requena, Javier, 2002. "Valuing Externalities of Watershed Restoration and Erosion Control Projects in Mediterranean Basins: A Comparative Analysis of the Contingent Valuation and Replacement Cost Methods," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24847, European Association of Agricultural Economists.
    12. Kline, Jeffrey & Wichelns, Dennis, 1998. "Measuring heterogeneous preferences for preserving farmland and open space," Ecological Economics, Elsevier, vol. 26(2), pages 211-224, August.
    13. Poor, P. Joan & Pessagno, Keri L. & Paul, Robert W., 2007. "Exploring the hedonic value of ambient water quality: A local watershed-based study," Ecological Economics, Elsevier, vol. 60(4), pages 797-806, February.
    14. Lamiraud, Karine & von Bremen, Konrade & Donaldson, Cam, 2009. "The impact of information on patient preferences in different delivery patterns: A contingent valuation study of prescription versus OTC drugs," Health Policy, Elsevier, vol. 93(2-3), pages 102-110, December.
    15. Desvousges, William & Mathews, Kristy & Train, Kenneth, 2012. "Adequate responsiveness to scope in contingent valuation," Ecological Economics, Elsevier, vol. 84(C), pages 121-128.
    16. Kan, Iddo & Haim, David & Rapaport-Rom, Mickey & Shechter, Mordechai, 2009. "Environmental amenities and optimal agricultural land use: The case of Israel," Ecological Economics, Elsevier, vol. 68(6), pages 1893-1898, April.
    17. Yuan, Yuan & Boyle, Kevin J. & You, Wen & Fuller, Harry M., 2012. "A Nationwide Comparison of Farmland Conservation Easement Valuation," 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington 124836, Agricultural and Applied Economics Association.
    18. Francesco Marangon & Francesca Visintin, 2007. "Rural landscape valuation in a cross-border region," Cahiers d'Economie et Sociologie Rurales, INRA Department of Economics, vol. 84, pages 113-132.
    19. Aliza Fleischer & Yacov Tsur, 2009. "The Amenity Value of Agricultural Landscape and Rural–Urban Land Allocation," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(1), pages 132-153, February.
    20. Tweeten, Luther G., 1997. "Competing For Scarce Land: Food Security And Farmland Preservation," Economics and Sociology Occasional Papers - ESO Series 28325, Ohio State University, Department of Agricultural, Environmental and Development Economics.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:13413. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/daumnus.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.