Implicit Prices of Wetland Easements in Areas of Production Agriculture
Impacts of Fish and Wildlife Service wetland easements on agricultural land values in North Dakota were estimated by regressing sale prices on physical and institutional characteristics of sold parcels. While easements on temporary wetlands did not influence prices, each additional acre of permanent...
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| Veröffentlicht in: | Land economics 2004-11, Vol.80 (4), p.501-512 |
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| container_title | Land economics |
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| creator | Shultz, Steven D. Taff, Steven J. |
| description | Impacts of Fish and Wildlife Service wetland easements on agricultural land values in North Dakota were estimated by regressing sale prices on physical and institutional characteristics of sold parcels. While easements on temporary wetlands did not influence prices, each additional acre of permanent wetland under easement decreased average prices by $321 (-79%). Because non-eased permanent wetlands were shown to reduce land prices by $161/acre, we can estimate the implicit price of a wetland easement per se to be $160/acre-6% below historical easement payment levels in the study area. |
| doi_str_mv | 10.2307/3655806 |
| format | Article |
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| ispartof | Land economics, 2004-11, Vol.80 (4), p.501-512 |
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| language | eng |
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| source | PAIS Index; EBSCOhost Business Source Complete; Jstor Complete Legacy |
| subjects | Agricultural land Agricultural sector Agriculture Crop economics Crops Easements Economic aspects Environment Environmental aspects Farmlands Impact analysis Land economics Land prices Land use Land values Landowners North Carolina North Dakota Price variance Prices Production, Agricultural Property values Studies U.S.A United States Wetlands |
| title | Implicit Prices of Wetland Easements in Areas of Production Agriculture |
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