Agricultural Land and the Small Parcel Size Premium Puzzle
Per acre prices of agricultural land increase as parcel sizes decrease. The puzzle is why all agricultural land is not sold in small parcels. Small parcels tend to be close to residential areas and close to quality roads. The small parcel premium lessens as parcels are more distant from urban areas....
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| Veröffentlicht in: | Land economics 2015-08, Vol.91 (3), p.572-585 |
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| container_title | Land economics |
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| creator | Brorsen, B. Wade Doye, Damona Neal, Kalyn B. |
| description | Per acre prices of agricultural land increase as parcel sizes decrease. The puzzle is why all agricultural land is not sold in small parcels. Small parcels tend to be close to residential areas and close to quality roads. The small parcel premium lessens as parcels are more distant from urban areas. This suggests that much of the small parcel premium is due to parcels being purchased based on nonagricultural use values. Thus, an explanation of the small parcel premium puzzle is that land with low nonagricultural use values may not have a small parcel premium. |
| doi_str_mv | 10.3368/le.91.3.572 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0023-7639 |
| ispartof | Land economics, 2015-08, Vol.91 (3), p.572-585 |
| issn | 0023-7639 1543-8325 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1710254691 |
| source | Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Agricultural industry Agricultural land Agriculture Landowners Purchasing power Residential areas State court decisions Studies Urban areas Values |
| title | Agricultural Land and the Small Parcel Size Premium Puzzle |
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