A comprehensive analysis of farmland value determination: A county-level analysis

Stephen Devadoss, Viswanadham Manchu

Research output: Contribution to journalArticlepeer-review

15 Scopus citations

Abstract

This study develops a comprehensive model of farmland value determination to analyze the effects of various economic variables such as net farm income, government payments, macroeconomic factors, and demographic conditions on farmland values for the counties along the Snake River valley in Idaho. Land values, net farm income, and population show considerable variation among the counties. Therefore, use of county level cross-sectional and time-series data helps to assess the impacts of various factors on land values more accurately. The empirical results show that net farm income, wheat yield, population, and credit availability have positive effects, and property tax rates, interest rates, and debt to asset ratio have negative effects on farmland values.

Original languageEnglish
Pages (from-to)2323-2330
Number of pages8
JournalApplied Economics
Volume39
Issue number18
DOIs
StatePublished - Oct 2007

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