| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
The Timing of Rapid Farmland Conversion Events: Evidence from California's Differential Assessment Program
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| Autores: |
Kovacs, Kent F.
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| Data: |
2009-04-28
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| Ano: |
2009
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| Palavras-chave: |
Farmland conversion
Semi-parametric duration analysis
Differential Assessment
Location and land use
Agricultural Finance
Land Economics/Use
R11
R21
R31
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| Resumo: |
Using county-level panel data, we estimate duration models to study the timing of rapid farmland conversion events. Results suggest that income and the proximity to major highways are the principal determinants of rapid conversion events (and also responsible for prolonging these events). In particular, an increase in income of 1% is found to hasten the time to a rapid conversion event by 111% and to extend the time back to a slow state of conversion by 76%. On the other hand, valuable agricultural land and high property taxes extend the time to a rapid conversion event (and also hasten the time back to a slow state of conversion). An increase in the value of agricultural production per acre extends the time to a rapid conversion event by 14% and hastens the time to a slow state of conversion by 106%. Knowledge about the timing of rapid farmland conversion will help counties to better predict infrastructure needs and take steps to mitigate the traffic and environmental impacts.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/49252
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| Relação: |
Agricultural and Applied Economics Association>2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin
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| Formato: |
34
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