Valuation of ecosystem services from rural landscapes using agricultural land prices

Ecological Economics

Volumn 70, Issue 9, 2011, Pages 1649-1659

  Ma, Shan ^a   Swinton, Scott M ^a  

^a MICHIGAN STATE UNIVERSITY   (United States)

Author keywords

Agricultural land price; Ecosystem services; Geographic Information System; Hedonic; Rural landscapes

Indexed keywords

AGRICULTURAL LAND; COST-BENEFIT ANALYSIS; ECOSYSTEM SERVICE; ENVIRONMENTAL ECONOMICS; GIS; HEDONIC ANALYSIS; LAND MARKET; LIVESTOCK FARMING; NATURAL RESOURCE; PUBLIC-PRIVATE PARTNERSHIP; RURAL LANDSCAPE; VALUATION;

MICHIGAN; UNITED STATES;

EID: 79958249676     PISSN: 09218009     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ecolecon.2011.04.004     Document Type: Article

References (68)

1. Anselin L. Spatial Econometrics: Methods and Models 1988, Kluwer Academic, Dordrecht, p. 11.
2. Barbier E.B., Baumgärtner S., Chopra S.K., Costello C., Duraiappah A., Hassan R., Kinzig A., Lehman M., Pascual U., Polasky S., Perrings C. The valuation of ecosystem services. Biodiversity, Ecosystem Functioning, and Human Wellbeing: An Ecological and Economic Perspective 2009, Oxford University Press, Oxford. S. Naeem, D. Bunker, A. Hector, M. Loreau, C. Perrings (Eds.).
3. Bastian C.T., McLeod D.M., Germino M.J., Reiners W.A., Blasko B.J. Environmental amenities and agricultural land values: a hedonic model using geographic information systems data. Ecological Economics 2002, 40:337-349.
4. Bianchi F., Booij C., Tscharntke T. Sustainable pest regulation in agricultural landscapes: a review on landscape composition, biodiversity and natural pest control. Proceedings of the Royal Society B: Biological Sciences 2006, 273:1715.
5. Buckley D.H., Schmidt T.M. Diversity and dynamics of microbial communities in soils from agro-ecosystems. Environmental Microbiology 2003, 5:441-452.
6. Carter V. Wetland hydrology, water quality, and associated functions. National Water Summary on Wetland Resources 1996, 35-48.
7. Center for Geographic Information Digital Orthophoto Quads-2005 Series, Michigan Geographic Data Library 2005.
8. Chicoine D.L. Farmland values at the urban fringe: an analysis of sale prices. Land Economics 1981, 57:353-362.
9. Commons J. Legal Foundations of Capitalism 1968, The University of Wisconsin Press, Madison.
10. Conley T.G. GMM estimation with cross sectional dependence. Journal of Econometrics 1999, 92:1-45.
11. Daily G. Nature's Services: Societal Dependence on Natural Ecosystems 1997, Island Press, Washington, DC.
12. Drescher K., McNamara K.T. Determinants of farmland prices in Germany. Working Paper 1999, Department of Agricultural Economics, Kiel University, Kiel. http://www-sre.wu-wien.ac.at/ersa/ersaconfs/ersa99/Papers/a043.pdf.
13. Drescher K., Henderson J., McNamara K. Farmland prices determinants. American Agricultural Economics Association Annual Meeting Chicago, Illinois 2001.
14. Elad R.L., Clifton I.D., Epperson J.E. Hedonic estimation applied to the farmland market in georgia. Journal of Agricultural and Applied Economics 1994, 26:351-366.
15. Faux J., Perry G.M. Estimating irrigation water value using hedonic price analysis: a case study in Malheur County, Oregon. Land Economics 1999, 75:440-452.
16. Friedman J.P., Harris J.C., Diskin B.A. Glossary, Barron's Real Estate Handbook 2009, Barrons Educational Series Inc, Hauppauge, NY, p. 223. Seventh ed.
17. Gardiner M., Landis D., Gratton C., DiFonzo C., O'Neal M., Chacon J., Wayo M., Schmidt N., Mueller E., Heimpel G. Landscape diversity enhances biological control of an introduced crop pest in the north-central USA. Ecological Applications 2009, 19:143-154.
18. Gardner K., Barrows R. The impact of soil conservation investments on land prices. American Journal of Agricultural Economics 1985, 67:943-947.
19. Geoghegan J., Wainger L.A., Bockstael N.E. Spatial landscape indices in a hedonic framework: an ecological economics analysis using GIS. Ecological Economics 1997, 23:251-264.
20. Henneberry D.M., Barrows R.L. Capitalization of exclusive agricultural zoning into farmland prices. Land Economics 1990, 66:249-258.
21. Irwin E.G. The effects of open space on residential property values. Land Economics 2002, 78:465-480.
22. Johnston R.J., Opaluch J.J., Grigalunas T.A., Mazzotta M.J. Estimating amenity benefits of coastal farmland. Growth Change 2001, 32:305-325.
23. Knoche S., Lupi F. Valuing deer hunting ecosystem services from farm landscapes. Ecological Economics 2007, 64:313-320.
24. Kremen C., Williams N.M., Bugg R.L., Fay J.P., Thorp R.W. The area requirements of an ecosystem service: crop pollination by native bee communities in California. Ecology Letters 2004, 7:1109-1119.
25. Kroeger T., Casey F. An assessment of market-based approaches to providing ecosystem services on agricultural lands. Ecological Economics 2007, 64:321-332.
26. Lake M.B., Easter K.W. Hedonic Valuation of Proximity to Natural Areas and Farmland in Dakota County 2002, Department of Applied Economics, College of Agricultural, Food and Environmental Sciences, University of Minnesota, Minnesota, Working Paper.
27. Lancaster K.J. A new approach to consumer theory. Journal of Political Economy 1966, 74:132-157.
28. Lynch L., Lovell S.J. Hedonic Price Analysis of Easement Payments in Agricultural Land Preservation Programs 2002, Department of Agricultural and Resource Economics, University of Maryland, College Park, Working Paper.
29. Ma S. "Hedonic valuation of ecosystem services using agricultural land prices.". Plan B Paper, Michigan State University, Department of Agricultural, Food, and Resource Economics 2010, http://ageconsearch.umn.edu/bitstream/59321/2/MaPlanB2010%20.pdf.
30. Maddison D. A hedonic analysis of agricultural land prices in England and Wales. European Review of Agricultural Economics 2000, 27:519-532.
31. McLeod D.M., Woirhaye J., Menkhaus D.J. Factors influencing support for rural land use control: a case study. Agricultural and Resource Economics Review 1999, 28:44-56.
32. Mendelsohn R., Nordhaus W.D., Shaw D. The impact of global warming on agriculture: a Ricardian analysis. The American Economic Review 1994, 84:753-771.
33. Michigan Department of Agriculture The Interrelationship between Land Use Trends and Michigan Agriculture Policy and Effects of These on Sustainable Agriculture in Michigan 2003, Michigan Land Use Leadership Council, Lansing. http://www.michiganlanduse.org/resources/councilresources/MDA-Ag-Impacts.pdf.
34. Michigan Department of Natural Resources and Environment Regular Hunting or Fur Harvester License 2007, http://www.michigan.gov/dnr/0,1607,7-153-10363_14518-197513--,00.html.
35. Millennium Ecosystem Assessment Ecosystems and Human Well-being: A Framework for Assessment 2003, Island Press, Washington, DC.
36. Murray W.G., Harris D.G., Miller G.A., Thompson N.D. Farm Appraisal and Valuation 1983, Iowa State Univesity Press, Ames, IA. 6th ed.
37. National Agricultural Statistics Service Farm resources, income, and expenses. Agricultural Statistics 202, IX-31 2008.
38. National Research Council Valuing Ecosystem Services: Toward Better Environmental Decision Making 2005, National Academies Press, Washington, DC.
39. Naylor R., Ehrlich P. Natural pest control services and agriculture. Nature's Services: Societal Dependence on Natural Ecosystems 1997, 151-174.
40. Nickerson C.J., Lynch L. The effect of farmland preservation programs on farmland prices. American Journal of Agricultural Economics 2001, 83:341-351.
41. Nivens H.D., Kastens T.L., Dhuyvetter K.C., Featherstone A.M. Using satellite imagery in predicting Kansas farmland values. Journal of Agricultural and Resource Economics 2002, 27:464-480.
42. Olson M. The Logic of Collective Action: Public Goods and the Theory of Groups 1971, Harvard University Press, Cambridge, MA.
43. Palm K.J. "Using market values in land preservation programs' optimal targeting schemes." Master's Thesis 1994, Department of Agricultural and Resource Economics, University of Maryland.
44. Palmquist R.B. Land as a differentiated factor of production: a hedonic model and its implication for welfare measurement. Land Economics 1989, 65:23-28.
45. Palmquist R.B., Danielson L.E. A hedonic study of the effects of erosion control and drainage on farmland values. American Journal of Agricultural Economics 1989, 71:55-62.
46. Pannell D. Public benefits, private benefits, and policy mechanism choice for land-use change for environmental benefits. Land Economics 2008, 84:225-240.
47. Pearce D.W. Economic Values and the Natural World 1993, Earthscan, London.
48. Petrie R.A., Taylor L.O. Estimating the value of water use permits: a hedonic approach applied to farmland in the southeastern United States. Land Economics 2007, 83:302-318.
49. Pyykkönen P. Spatial analysis of factors affecting Finnish farmland prices. The 99th Meeting of the European Association of Agricultural Economists 2005, August 24-27, 2005,, The Future of Rural Europe in the Global Agri-Food System, Copenhagen, Denmark.
50. Ready R.C., Abdalla C.W. The amenity and disamenity impacts of agriculture: estimates from a hedonic pricing model. American Journal of Agricultural Economics 2005, 87:314-326.
51. Rosen S. Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy 1974, 82:34-55.
52. Rudy A.P., Harris C.K., Thomas B.J., Worosz M.R., Kaplan S.S.K., O'Donnell E.C. The political ecology of Southwest Michigan agriculture, 1837-2000. Agrarian Landscapes in Transition: Comparisons of Long-term Ecological and Cultural Change 2008, 152-205. Oxford University Press, New York, NY. C.L. Redman, D.R. Foster (Eds.).
53. Schaetzl R.J. Soilscape analysis of contrasting glacial terrains in Wisconsin. Annals of the Association of American Geographers 1986, 76:414-425.
54. Secchi S. Watching corn grow: a hedonic study of the Iowa landscape 2007, Working Paper, Center for Agricultural and Rural Development, Iowa State University.
55. Shonkwiler J.S., Reynolds J.E. A note on the use of hedonic price models in the analysis of land prices at the urban fringe. Land Economics 1986, 62:58-63.
56. Spahr R.W., Sunderman M.A. Valuation of property surrounding a resort community. Journal of Real Estate Research 1999, 17:227-243.
57. Steffan-Dewenter I., Munzenberg U., Burger C., Thies C., Tscharntke T. Scale-dependent effects of landscape context on three pollinator guilds. Ecology 2002, 83:1421-1432.
58. Thies C., Steffan-Dewenter I., Tscharntke T. Effects of landscape context on herbivory and parasitism at different spatial scales. Oikos 2003, 101:18-25.
59. United States Department of Agriculture (USDA) Census of Agriculture, Washington, D.C. 1950-2007.
60. United States Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) Ecological and interpretative groups-farmland classification, National Soil Survey Handbook, 430-VI 1996, Washington, DC.
61. United States Environmental Protection Agency Wetlands and people 2009, http://www.epa.gov/wetlands/vital/people.html#recreation.
62. Vaughan M., Shepherd M., Kremen C., Black S.H., Xerces S. Farming for Bees: Guidelines for Providing Native Bee Habitat on Farms 2004, Xerces Society, Portland, OR.
63. Vitaliano D.F., Hill C. Agricultural districts and farmland prices. Journal of Real Estate Finance and Economics 1994, 8:213-223.
64. Wittenberg E., Harsh S. Michigan Land Values and Leasing Rates. Department of Agricultural, Food and Resource Economics 2007, Michigan State University, East Lansing, MI.
65. World Bank Where is the Wealth of Nations? Measuring Capital for the 21st Century 2006, World Bank, Washington, DC.
66. World Bank Agricultural Land (% of Land Area). World Development Indicators 2007, http://data.worldbank.org/topic/agriculture-and-rural-development.
67. Xu F., Mittelhammer R.C., Barkley P.W. Measuring the contributions of site characteristics to the value of agricultural land. Land Economics 1993, 69:356-369.
68. Zhang W., Ricketts T.H., Kremen C., Carney K., Swinton S.M. Ecosystem services and dis-services to agriculture. Ecological Economics 2007, 64:253-260.