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Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values

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  • Herriges, Joseph A.
  • Secchi, Silvia
  • Babcock, Bruce A.

Abstract

We estimated a hedonic model to explain variations in residential sales price with standard house attributes, such as number of bed- rooms and square feet of living space, as well as the effects of distance and density of livestock feeding operations. We find that livestock operations have an overall statistically significant effect on property values. Predicted negative effects are largest for properties that are downwind and close to livestock operations. In addition, feeding operations that are moderate in size have more impact than do large- scale operations, most likely reflecting age, type, and management practices of the moderate-sized operatio

Suggested Citation

  • Herriges, Joseph A. & Secchi, Silvia & Babcock, Bruce A., 2005. "Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values," ISU General Staff Papers 200511010800001363, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:200511010800001363
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    More about this item

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • R21 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Housing Demand

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