Hostname: page-component-848d4c4894-tn8tq Total loading time: 0 Render date: 2024-06-24T18:17:57.043Z Has data issue: false hasContentIssue false

The Importance of Locational Characteristics in Determining Rural Land Prices

Published online by Cambridge University Press:  10 May 2017

Robert G. Craig
Affiliation:
Adirondack Park Agency
Harry P. Mapp Jr.
Affiliation:
Oklahoma State University
Get access

Extract

In recent years, the topic of land prices has received considerable attention in the literature. Part of the interest stems from the importance of land as a factor of production in agriculture. Land prices have a direct influence on the ability of young farmers to operate and expand their operations. Thus, the interest in land prices by farmers, bankers and input suppliers is easily understood.

Type
Research Article
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

*

The research upon which this article is based was performed while the authors were Graduate Research Assistant and Assistant Professor, respectively, Department of Agricultural Economics, Cornell University.

References

1. Abdel-Badie, F. and Parcher, L. A., “Regression and Discriminant Analysis of Agricultural Land Prices,” Oklahoma Agricultural Experiment Station, Processed Series 578, 1967.Google Scholar
2. Clonts, H. A. Jr. and Gibson, W. L. Jr., “Land Values in the Rural-Urban Fringe,” Research Division Bulletin 58, Virginia Polytechnic Institute and State University, May 1971.Google Scholar
3. Cocheba, Donald J., Loomis, Ralph A., and Weeks, Eldon E., “The Land Market and Economic Development: A Case Study of San Juan County, Washington,” Ag. Exp. Stn. Bulletin 773, Washington State University.Google Scholar
4. Craig, Robert G., “A Study of Rural Land Use Involving Land Prices, Landowner Characteristics and Service Needs in the Adirondack Region of New York,” Unpublished M.S. thesis, 1975, Cornell University, Ithaca, New York.Google Scholar
5. Downing, Roger H. and Dean Jansma, J., “The Economic Impact of Public Investment on Property Value in York County, 1950–1965,” Institute for Research on Land and Water Resources, The Pennsylvania State University, Research Publication No. 61.Google Scholar
6. Drummond, H. Evan and White, Fred C., “Determinants of Rural Property Values in Georgia,” Paper presented at the Southern Agricultural Economics Association meeting, February 1973.Google Scholar
7. Gertel, Karl, “An Economic Analysis of Rural Land Sales and Land Values Island of Hawaii,” Hawaii Agricultural Experiment Station Research Report 188, December 1972.Google Scholar
8. Grether, D. M. and Mieszkowski, Peter, “Determinants of Real Estate Values,” Journal of Urban Economics, April 1974.Google Scholar
9. Harris, Curtis C. Jr. and Allee, David J., “Urbanization and its Effects on Agriculture in Sacramento County, California, 1. Urban Growth and Agricultural Land Use,” California Agricultural Experiment Station, Giannini Foundation Research Report No. 268, University of California, 1963.Google Scholar
10. Harris, Curtis C. Jr. and Allee, David J., “Urbanization and Its Effects on Agriculture in Sacramento County, California, 2. Prices and Taxes of Agricultural Land,” California Agricultural Experiment Station, Giannini Foundation Research Report No. 270, University of California 1963.Google Scholar
11. Hushak, Leroy J., “The Urban Demand For Urban-Rural Fringe Land,” Land Economics, May 1975.Google Scholar
12. Johnston, W. E., “Some Characteristics of the Farm Real Estate Market in California with Emphasis on Transactions in Imperial and Tulare Counties,” Ag. Exp. Stn. Bulletin 856, University of California, Davis, January 1972.Google Scholar
13. Knetsch, Jack L., “Land Values and Parks in Urban Fringe Areas,” Journal of Farm Economics, December 1962.Google Scholar
14. Lutz, E. A., “Impending Changes in Assessing Taxable Real Estate in New York State,” Agricultural Economics Extension Bulletin 580, March 1971, Cornell University, Ithaca, New York.Google Scholar
15. Lutz, E. A., “Property Taxes and Assessment,” Staff Paper No. 167, 1965, Agricultural Economics Department, Cornell University, Ithaca, New York.Google Scholar
16. Reynolds, John E. and Timmons, John F., “Factors Affecting Farmland Values in the United States,” Iowa State University Research Bulletin 566, 1969.Google Scholar
17. Schmid, A. Allan, “Suburban Land Appreciation and Public Policy,” American Institute of Planners Journal, January 1970.Google Scholar
18. Schmid, A. Allan, Converting Land From Rural to Urban Uses, Resource for the Future, Inc., (The John Hopkins Press, Baltimore, Maryland) 1968.Google Scholar
19. Von Thunen, J. H., Der Isoheite Staat in Beziehung and Landwirtshaft and Nationalokonomie, Perthes, Hamburh, 1826.Google Scholar