@article{Zhang:149870,
      recid = {149870},
      author = {Zhang,   Wendong and Nickerson,   Cynthia J.},
      title = {The Housing Market Bust and Farmland Values: Identifying  the Changing Influence of Proximity to Urban Centers},
      address = {2013},
      pages = {2},
      year = {2013},
      abstract = {Though about one-third of farmland is subject to urban  influences, little is known about how changes in urban land  markets affect farmland values. This paper identifies the  impact of the recent residential housing market bust and  subsequent economic recession on farmland values, using  parcel-level farmland sales data from 2001-2010 for a  50-county region under urbanization pressure in Western  Ohio. Our estimates from hedonic regressions reveal that  farmland was not immune to the residential housing bust;  the portion of farmland value attributable to urban demands  for developable land was almost completely wiped out  shortly after the housing market bust in 2009-2010.},
      url = {http://ageconsearch.umn.edu/record/149870},
      doi = {https://doi.org/10.22004/ag.econ.149870},
}