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| Bekkerman, Anton. |
| This paper examines farmers land ownership decision to keep their farmland or sell the acreage to a non-agricultural enterprise. The boom in housing demand during the early 21st century caused a subsequent rise in land demand by housing construction companies. This, in turn, has significant effects on farmers choice to sell their farmland endowment and leave farming. Data from several public sources, including the USDA-NASS, U.S. Census, BLS, and BEA-REIS, is used to analyze the relationship of farm acreage with housing permit values. The Arellano-Bond dynamic panel estimator is used within a GMM framework to examine land ownership behavior of forward-looking farmers. Results indicate that a rise in demand for new housing significantly influences a... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farmland ownership; Housing values; Dynamic panel estimator; GMM; Forward-looking farmer; Land Economics/Use. |
| Ano: 2007 |
URL: http://purl.umn.edu/9697 |
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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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