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Determining The Effects Of Land Characteristics On Farmland Values In South-Central Idaho

Author

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  • Vasquez, Orestes
  • Wright, Khaliela S.
  • Nelson, James R.
  • Hamilton, Joel R.

Abstract

This study focused on evaluating the effects of different attributes that impact irrigated farmland values in South-central Idaho. Results indicate that study area farmland values are largely determined by agricultural productivity (profiability) related factors. However, estimated "development increment values" for parcels that seemed to be under development pressure in the study area are explainable by nonagricultural variables.

Suggested Citation

  • Vasquez, Orestes & Wright, Khaliela S. & Nelson, James R. & Hamilton, Joel R., 2002. "Determining The Effects Of Land Characteristics On Farmland Values In South-Central Idaho," 2002 Annual Meeting, July 28-31, 2002, Long Beach, California 36652, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waealb:36652
    DOI: 10.22004/ag.econ.36652
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    File URL: https://ageconsearch.umn.edu/record/36652/files/sp02va01.pdf
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    References listed on IDEAS

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    1. Raymond B. Palmquist, 1989. "Land as a Differentiated Factor of Production: A Hedonic Model and Its Implications for Welfare Measurement," Land Economics, University of Wisconsin Press, vol. 65(1), pages 23-28.
    2. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    3. Kennedy, Gary A. & Henning, Steven A. & Vandeveer, Lonnie R. & Dai, Ming, 1997. "An Empirical Analysis Of The Louisiana Rural Land Market," Station Bulletins 31682, Louisiana State University, Department of Agricultural Economics and Agribusiness.
    4. Torell, L. Allen & Bailey, Scott A., 2000. "Is The Profit Motive An Important Determinant Of Grazing Land Use And Rancher Motive?," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36451, Western Agricultural Economics Association.
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    Cited by:

    1. Shehryar Rashid & Asjad Tariq Sheikh, 2015. "Farmers’ Perceptions of Agricultural Land Values in Rural Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 809-821.

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