TY - JOUR
T1 - A comprehensive analysis of farmland value determination
T2 - A county-level analysis
AU - Devadoss, Stephen
AU - Manchu, Viswanadham
N1 - Funding Information:
This study was supported by the Cooperative State Research, Education, and Extension Service, U.S. Department of Agriculture, under agreement No. 2002-35400-11693. The authors are grateful to anonymous reviewers for valuable suggestions.
PY - 2007/10
Y1 - 2007/10
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=34848867535&partnerID=8YFLogxK
U2 - 10.1080/00036840600675687
DO - 10.1080/00036840600675687
M3 - Article
AN - SCOPUS:34848867535
VL - 39
SP - 2323
EP - 2330
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 18
ER -