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The Impact of Natural Amenity on Farmland Values: A Quantile Regression Approach AgEcon
Uematsu, Hiroki; Mishra, Ashok K..
The objective of this study is to estimate the impact of natural amenity on farmland values in the contiguous United States using a quantile regression approach and data from the 2006, 2007, and 2008 Agricultural Resource Management Surveys. The contribution of this study is three-fold. First, we explicitly include variables representing natural amenity and soil characteristics of farmland. Second, we employ a quantile regression approach to examine potentially heterogeneous impacts of natural amenity and soil characteristics at different quantiles of farmland values. Third, we utilized data from a nationwide survey of farm household to examine findings in studies using regional data are consistent at a national scale. Our quantile regression analysis...
Tipo: Presentation Palavras-chave: Farmland Values; Quantile Regression; Natural Amenity; Environmental Economics and Policy; Land Economics/Use; C14; Q15; Q24.
Ano: 2012 URL: http://purl.umn.edu/119804
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The Influence of Market Returns and Government Payments on Canadian Farmland Values AgEcon
Vyn, Richard J.; Haq, Zahoor Ul; Weerahewa, Jeevika; Meilke, Karl D..
This study estimates the impact of changes in market returns and government payments on farmland values across Canada using data from 1959 to 2009. A recursive simultaneous equation model is estimated to account for the counter-cyclical relationship between market returns and government payments. The results indicate that farmland values are more responsive to changes in market returns than in government payments, but both are important drivers of land values. The elasticity of land values with respect to government payments is lower than has been observed in the United States. In addition, the partial decoupling of government payments has not reduced their impact on farmland values.
Tipo: Working Paper Palavras-chave: Farmland Values; Government Payments; Market Returns JEL Classifications:; Agricultural and Food Policy; Demand and Price Analysis; Land Economics/Use.
Ano: 2012 URL: http://purl.umn.edu/122738
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THE INFLUENCE OF URBAN AREAS ON FARMLAND VALUES AgEcon
Kuethe, Todd H.; Ifft, Jennifer; Morehart, Mitchell J..
Tipo: Journal Article Palavras-chave: Farmland Values; Urban-Influence; Land Economics/Use; Q15; R30.
Ano: 2011 URL: http://purl.umn.edu/109473
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THE CURRENT SITUATION ON FARMLAND VALUES AND OWNERSHIP AgEcon
Duffy, Michael D..
Tipo: Journal Article Palavras-chave: Farmland Values; Farmland Ownership; Speculative Bubble; Land Purchases; Land Economics/Use; Q15.
Ano: 2011 URL: http://purl.umn.edu/109468
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