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| Shultz, Steven D.; Leitch, Jay A.. |
| The economic feasibility of alternative wetland restoration activities to store water and reduce flood damage was evaluated in the Maple River Watershed, North Dakota, a sub-watershed of the Red River of the North Watershed. The evaluation was based on recent hydrologic modeling and wetland restoration studies, the National Wetland Inventory, local land rental values, and site-specific historical flood damage. With benefit-cost ratios ranging from 0.08 to 0.13, neither simple wetland restoration based on plugging existing drains, nor restoration with outlet control devices, nor complete restoration intended to provide a full range of wetland-based environmental services were economically feasible over a 20-year future period. Peak flood stages and flood... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Economic feasibility; Wetland restoration; Flooding; Red River Valley; Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/23597 |
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| Fridgen, Patrick M.; Shultz, Steven D.. |
| The hedonic valuation method (HVM) was used to quantify the impact of the threat of flooding on housing values in Fargo, North Dakota and Moorhead, Minnesota (Fargo-Moorhead). Prices of 3,783 Fargo-Moorhead homes sold between 1995 and 1998 were regressed against structural housing characteristics, neighborhood and environmental indicators, and three flood risk variables. Being located in the 100-year floodplain lowered the sale price of an average home by $8,990 and approximately 81 percent of the price depreciation was associated with required flood insurance premiums. After the extensive 1997 flood, homes in the 100-year floodplain were on average priced $10,241 less than similar homes located outside the floodplain and before the 1997 flood event.... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Hedonic valuation method; Flooding; Floodplain; Fargo; Moorhead; Red River of the North; Housing values; Community/Rural/Urban Development. |
| Ano: 1999 |
URL: http://purl.umn.edu/23155 |
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| Shultz, Steven D.; Schmitz, Nick. |
| This paper relies on data associated 2,100 agricultural land sale transactions across two major Nebraska Watersheds (the Republican and Central Platte) over the 2000 to 2008 time period. The sales were spatially referenced (digitized into a GIS) in order to quantify and geo-spatially predict and map the implicit values of irrigation through the use of hedonic price modeling. Marginal implicit prices vary substantially across subwatersheds (natural resource districts), and the contribution of irrigation to sale prices is directly related to the extent to dependency of production agriculture on irrigation. This information is now currently being used to evaluate the economic efficiency of recent irrigation retirement programs and to help ensure that current... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farm Management; Production Economics; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/61801 |
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