Land values have tended to increase at a substantially more rapid rate than the general level of prices in recent years. There is a growing body of evidence that this is occurring due, in part, to factors other than agricultural opportunity costs, size of parcel, improvements and other factors...

Paper presented at the Seventh International Symposium on Society and Resource Management, University of Missouri, Columbia, May 25-27, 1998. The preservation of farmland is an important issue in most areas of the U.S. and all states have enacted legislation to promote this activity. This...