CAPITALIZATION OF FARMLAND PRESERVATION PROGRAMS INTO FARMLAND PRICES

This paper examines whether permanent farmland preservation programs are capitalized into farmland prices. We consider the landowner's decision to voluntarily participate and correct for sample selection bias in our estimation of sales prices. Initial results suggest development restrictions resulting from participation in these programs are fully capitalized into farmland prices.


Issue Date:
1998
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/20877
PURL Identifier:
http://purl.umn.edu/20877
Total Pages:
16
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2020-10-28

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