The effect of the conservation reserve program on land values

Land Economics

Volumn 86, Issue 1, 2010, Pages 1-21

  Wu, JunJie ^a   Lin, Haixia ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

AGRICULTURAL LAND; CONSERVATION; LAND USE; LOCAL PARTICIPATION; MODELING; VALUATION;

UNITED STATES;

EID: 77953740850     PISSN: 00237639     EISSN: None     Source Type: Journal    
DOI: 10.3368/le.86.1.1     Document Type: Article

References (49)

1. Alston, Julian M. 1986. "An Analysis of Growth in U.S. Farmland Prices: 1963-82." American Journal of Agricultural Economics 68 (1): 1-9.
2. Barnard, Charles H., Gerald Whittaker, David Wastenbarger, and Mary Ahearn. 1997. "Evidence of Capitalization of Direct Government Payments into U.S. Cropland Values." American Journal of Agricultural Economics 79 (5): 1642-50.
3. Bell, Kathleen P., and Nancy E. Bockstael. 2000. "Applying the Generalized-Moments Estimation Approach to Spatial Problems Involving Microlevel Data." Review of Economics and Statistics 82 (1): 72-82.
4. Bockstael, Nancy E. 1996. "Modeling Economics and Ecology: The Importance of a Spatial Perspective." American Journal of Agricultural Economics 78 (5): 1168-80.
5. Capozza, Dennis R., and Robert W. Helsley. 1990. "The Stochastic City." Journal of Urban Economics 28 (2): 187-203.
6. Capozza, Dennis R., and Yuming Li. 1994. "The Intensity and Timing of Investment: The Case of Land." American Economic Review 84 (4): 889-904.
7. Castle, Emery N., and Irving Hoch. 1982. "Farm Real Estate Price Components: 1920-1978." American Journal of Agricultural Economics 68 (1): 8-18.
8. Chicoine, David L. 1981. "Farmland Values at the Urban Fringe: An Analysis of Sales Prices." Land Economics 57 (3): 353-62.
9. Cho, Seong-Hoon, Junjie Wu, and William Boggess. 2003. "Measuring Interactions among Urbanization, Land Development, and Public Finance." American Journal of Agricultural Economics 85 (4): 988-99.
10. Clark, J. Stephen, Kurt K. Klein, and Shelley J. Thompson. 1993. "Are Subsidies Capitalized into Land Values? Some Time Series Evidence from Saskatchewan." Canadian Journal of Agricultural Economics 41 (2): 155-68.
11. Colwell, Peter F., and Henry J. Munneke. 1997. "The Structure of Urban Land Prices." Journal of Urban Economics 41 (3): 321-36.
12. Coulson, N. Edward, and Robert F. Engle. 1987. "Transportation Costs and the Rent Gradient." Journal of Urban Economics 21 (3): 287- 97.
13. Deller, Steven C., Tsung-Hsiu Tsai, David W. Marcouiller, and D. B. K. English. 2001. "The Role of Amenities and Quality of Life in Rural Economic Growth." American Journal of Agricultural Economics 83 (2): 352-65.
14. Feather, Peter, Daniel Hellerstein, and LeRoy Hansen. 1999. Economic Valuation of Environmental Benefits and the Targeting of Conservation Programs: The Case of the CRP. Agricultural Economics Report 778. Washington, DC: U.S. Department of Agriculture, Economic Research Service.
15. Goodwin, Barry K., Ashok K. Mishra, and François. N. Ortalo-Magné. 2003. "What's Wrong with Our Models of Agricultural Land Values?" American Journal of Agricultural Economics 85 (3): 744-52.
16. Goodwin, Barry K., and François N. OrtaloMagné. 1992. "The Capitalization of Wheat Subsidies into Agricultural Land Values." Canadian Journal of Agricultural Economics 40 (1): 37-54.
17. Hardie, Ian W., Tulika A. Narayan, and Bruce L. Gardner. 2001. "The Joint Influence of Agricultural and Nonfarm Factors on Real Estate Values: An Application to the Mid-Atlantic Region." American Journal of Agricultural Economics 83 (1): 120-32.
18. Hushak, Leroy J., and Kazem Sadr. 1979. "A Spatial Model of Land Market Behavior." American Journal of Agricultural Economics 61 (4): 697-701.
19. Irwin, E. G. 2002. "The Effects of Open Space on Residential Property Values." Land Economics 78 (4): 465-80.
20. Irwin, Elena G., and Nancy E. Bockstael. 2001. "The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values." American Journal of Agricultural Economics 83 (3): 698-704.
21. Judge, George G., R. Carter Hill, William E. Griffiths, Helmut Lütkepohl, and Tsoung-Chao Lee. 1988. Introduction to the Theory and Practice of Econometrics. 2nd ed. New York: Wiley.
22. Just, Richard E., and John A. Miranowski 1993. "Understanding Farmland Price Changes." American Journal of Agricultural Economics 75 (1): 156-68.
23. Kelejian, Harry H., and Ingmar R. Prucha 2004. "Estimation of Simultaneous Systems of Spatially Interrelated Cross Sectional Equations." Journal of Econometrics 118 (1-2): 27-50.
24. Kirwan, Barrett. 2008. "The Incidence of U.S. Agricultural Subsidies on Farmland Rental Rates." Working paper. College Park, MD: Department of Agricultural and Resource Economics, University of Maryland.
25. Kirwan, Barrett, Ruben N. Lubowski, and Michael J. Roberts. 2005. "How Cost Effective Are Land Retirement Auctions? Estimating the Difference between Payments and Willingness to Accept in the Conservation Reserve Program" American Journal of Agricultural Economics 87 (5): 1239-47.
26. Kowalski, Joseph G., and Christos C. Paraskevopoulos. 1990. "The Impact of Location on Urban Industrial Land Prices." Journal of Urban Economics 27 (1): 16-24.
27. Latacz-Lohmann, Uwe, and Carel V. van der Hamsvoort. 1997. "Auctioning Conservation Contracts: A Theoretical Analysis and an Application." American Journal of Agricultural Economics 79 (2): 407-18.
28. Lence, Sergio H., and Ashok K. Mishra. 2003. "The Impacts of Different Farm Programs on Cash Rents." American Journal of Agricultural Economics 85 (3): 753-61.
29. McDonald, John F., and Daniel P. McMillen. 1998. "Land Values, Land Use, and the First Chicago Zoning Ordinance." Journal of Real Estate Finance and Economics 16 (2): 135-50.
30. Osborn, C. Tim, and Kazim Konyar. 1990. "A Fresh Look at CRP." In Agricultural Outlook, 33-37. Washington, DC: U.S. Department of Agriculture, Economic Research Service.
31. Palmquist, Raymond, and Leon E. Danielson. 1989. "A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values." American Journal of Agricultural Economics 71 (1): 55-62.
32. Plantinga, Andrew J., Ruben N. Lubowski, and Robert Stavins. 2002. "The Effects of Potential Land Development on Agricultural Land Prices." Journal of Urban Economics 52 (3): 561-81.
33. Plantinga, Andrew J., and Douglas J. Miller. 2001. "Agricultural Land Values and the Value of Rights to Future Land Development." Land Economics 77 (1): 56-67.
34. Roberts, Michael J., Barrett Kirwan, and Jeffrey Hopkins. 2003. "The Incidence of Government Payments on Agricultural Land Rents: The Challenges of Identification." American Journal of Agricultural Economics 85 (3): 762-69.
35. Rosenthal, Stuart S., and Robert W. Helsley. 1994. "Redevelopment and the Urban Land Price Gradient." Journal of Urban Economics 35 (2): 182-200.
36. Rosine, John, and Peter Helberger. 1974. "A Neoclassical Analysis of the U.S. Farm Sector, 1948-1970." American Journal of Agricultural Economics 56 (4): 717-29.
37. Ryan, James, Charles Barnard, Robert Collender, and Ken Erickson. 2001. "Government Payments to Farmers Contribute to Rising Land Values." In Agricultural Outlook, 22-26. Washington, DC: U.S. Department of Agriculture, Economic Research Service.
38. Schmitz, Andrew, and Richard E. Just. 2002. "The Economics and Politics of Farmland Values." In Government Policy and Farmland Markets: Maintenance of Landowner Wealth, ed. C. Moss and A. Schmitz. Ames, IA: Iowa State Press.
39. Shi, Yue Jin, Timothy T. Phipps, and Dale Colyer. 1997. "Agricultural Land Values under Urbanizing Influences." Land Economics 73 (1): 90-100.
40. Shoemaker, Robbin. 1989. "Agricultural Land Values and Rents under the Conservation Reserve Program." Land Economics 65 (2): 131-37.
41. Shonkwiler, J. S., and J. E. Reynolds. 1986. "A Note on the Use of Hedonic Price Models in the Analysis of Land Prices at the Urban Fringe." Land Economics 62 (1): 58-61.
42. Sullivan, Patrick, Daniel Hellerstein, Leroy Hansen, Robert Johansson, Steven Koenig, Ruben Lubowski, William McBride, David McGranahan, Michael Roberts, Stephen Vogel, and Shawn Bucholtz. 2004. The Conservation Reserve Program: Economic Implications for Rural America. Agricultural Economic Report 834. Washington, DC: U.S. Department of Agriculture, Economic Research Service.
43. U.S. Department of Agriculture (USDA). 1997. FSA Handbook: Agricultural Resource Conservation Program 2-CRP (Revision 3). Washington, DC: Farm Service Agency.
44. U.S. Department of Agriculture (USDA). 2003. Conservation Reserve Program (CRP) Sign-up 26: Questions and Answers. News Release No. Q&A0294.03. Washington, DC: Office of Communications, News Room 460-A.
45. U.S. Department of Agriculture (USDA). 2004. CRP Contract Summary and Statistics: Monthly Summary. December 2004. Washington, DC: Farm Service Agency.
46. Vitaliano, Donald F., and Constance Hill. 1994. "Agricultural Districts and Farmland Prices." Journal of Real Estate Finance and Economics 8 (3): 213-23.
47. Wagner, John E., and Steven C. Deller. 1998. "Measuring the Effects of Economic Diversity on Growth and Stability." Land Economics 74 (4): 541-56.
48. Wu, JunJie.2000. "Slippage Effects of the Conservation Reserve Programs." American Journal of Agricultural Economics 82 (4): 979-92.
49. Young, C. Edwin, and C. Tim Osborn. 1990. The Conservation Reserve Program: An Economic Assessment. Agricultural Economic Report 626. Washington, DC: U.S. Department of Agriculture, Economic Research Service.