WATER RIGHTS AND LAND VALUES IN THE WEST-CENTRAL PLAINS
Irrigation is vital to the economic activity of the west-central Great Plains. The crops grown, the distribution of center-pivot irrigation systems, and the basic transportation infrastructure is the same in northwest Kansas, northeast Colorado, and southwest Nebraska. But buyers of agricultural lan...
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| Veröffentlicht in: | Great Plains research 2007-04, Vol.17 (1), p.101-111 |
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| creator | Jenkins, Allan Elder, Bruce Valluru, Ram Burger, Paul |
| description | Irrigation is vital to the economic activity of the west-central Great Plains. The crops grown, the distribution of center-pivot irrigation systems, and the basic transportation infrastructure is the same in northwest Kansas, northeast Colorado, and southwest Nebraska. But buyers of agricultural land face a different price for irrigated cropland in each of the states, even when the production characteristics of the land are similar. After accounting for factors like productivity and local property tax differences, we argue that it is the difference in water marketing rights between the three states that explains the price difference. The link between land values and water marketing rights is statistically developed by using Ordinary Least Squared (OLS) regression techniques. After adjusting for differences in property taxes, the analysis reveals that the implicit value of full water-marketing rights in the region is approximately $1,026 per acre. This valuation is within the range of estimates provided by other comparable studies across the country. |
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This valuation is within the range of estimates provided by other comparable studies across the country.</description><identifier>ISSN: 1052-5165</identifier><identifier>EISSN: 2334-2463</identifier><language>eng</language><publisher>Lincoln: Center for Great Plains Studies</publisher><subject>Agricultural land ; Freshwater ; Groundwater ; Irrigation ; Irrigation water ; Land appraisals ; Market prices ; Marketing ; Plains ; Property taxes ; SOCIAL SCIENCES ; Surface water ; Water rights</subject><ispartof>Great Plains research, 2007-04, Vol.17 (1), p.101-111</ispartof><rights>Copyright 2007 Center for Great Plains Studies</rights><rights>Copyright Center for Great Plains Studies Spring 2007</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/23779511$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/23779511$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,58017,58250</link.rule.ids></links><search><creatorcontrib>Jenkins, Allan</creatorcontrib><creatorcontrib>Elder, Bruce</creatorcontrib><creatorcontrib>Valluru, Ram</creatorcontrib><creatorcontrib>Burger, Paul</creatorcontrib><title>WATER RIGHTS AND LAND VALUES IN THE WEST-CENTRAL PLAINS</title><title>Great Plains research</title><description>Irrigation is vital to the economic activity of the west-central Great Plains. 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| issn | 1052-5165 2334-2463 |
| language | eng |
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| source | Jstor Complete Legacy |
| subjects | Agricultural land Freshwater Groundwater Irrigation Irrigation water Land appraisals Market prices Marketing Plains Property taxes SOCIAL SCIENCES Surface water Water rights |
| title | WATER RIGHTS AND LAND VALUES IN THE WEST-CENTRAL PLAINS |
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