The Effect of Farmland Preservation Programs on Farmland Prices
نویسندگان
چکیده
منابع مشابه
The Effect of Farmland Preservation Programs on Farmland Prices
Government agencies in urbanizing areas are increasingly utilizing purchase and transfer of development rights programs to preserve farmland and protect local farm economies.This article tests the effect of development restrictions imposed by permanent easement sales on farmland sales prices, using Maryland data. We correct for selectivity bias due to the voluntary nature of these programs in e...
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A trivariate vector autoregression time series process, based on a present-value land price model, is used to decompose Iowa farmland prices into fundamental and non-fundamental components. A recent study, by Falk and Lee (1998), found that non-fundamental shocks are an important source of volatility in farmland prices and it was interpreted that these price movements were due to fads not specu...
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ژورنال
عنوان ژورنال: American Journal of Agricultural Economics
سال: 2001
ISSN: 0002-9092,1467-8276
DOI: 10.1111/0002-9092.00160