| This study aims at estimating the percent impact on the price of farmland of the following physical attributes: size, soil quality, water rights, connectivity and location. To this effect, all the farm sales occurred in the province of Talca between 2003 and 2006 were examined, directly from the corresponding title deeds, at the Conservador de Bienes Raíces (Property Register) of Talca, obtaining thus a total of 92 observations. Subsequently, a linear function was estimated, with price per hectare as the dependent variable and the physical attributes listed above, as explanatory variables. Analysis showed that the most influential variable is location (Le. county) and in a very minor degree, connectivity (Le. distance to the nearest paved road), water... |
