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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...
Persistent link: https://www.econbiz.de/10005807288
This paper studies bidder behavior in an innovative program in which farmers compete to sell their development rights to the State. We derive a reduced form bidding model that includes both private value and common value components. This model allows us to estimate the role of bidder...
Persistent link: https://www.econbiz.de/10004989011
Many watershed organizations have prioritized establishing streamside (riparian) buffers on agricultural land to improve water quality. Using data from a 2000 survey of 500 Maryland landowners, we examine what level of financial incentives they would require to install such buffers for 15 years...
Persistent link: https://www.econbiz.de/10005797944
For the last 50 years, local, state and the federal governments have expressed concerns about farmland retention. Four benefits have been used to warrant farmland preservation programs: food security and local food supply, viable local agricultural economy, environmental and rural amenities, and...
Persistent link: https://www.econbiz.de/10005797953
Since 2003, direct payments have accounted for a signifi cant portion of farm program payments. If direct payments were eliminated, many agricultural producers would be affected, both through the loss of income and potential declines in land values and rental rates. This report considers the...
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Selected Poster prepared for presentation at the Agricultural & Applied Economics Association’s 2013 AAEA & CAES Joint Annual Meeting, Washington, DC, August 4-6, 2013. Copyright 2013 by Wendong Zhang and Cynthia J. Nickerson. All rights reserved. Readers may make verbatim copies of this...
Persistent link: https://www.econbiz.de/10010915962