Sample selection, individual heterogeneity, and regional heterogeneity in valuing farmland conservation easements

Land Economics

Volumn 91, Issue 4, 2015, Pages 627-649

  Yuan, Yuan ^a   Boyle, Kevin J ^a   You, Wen ^a  

^a VIRGINIA POLYTECHNIC INSTITUTE AND STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

AGRICULTURAL LAND; CONSERVATION PLANNING; HETEROGENEITY;

GEORGIA; MAINE; OHIO; UNITED STATES;

EID: 84945305630     PISSN: 00237639     EISSN: 15438325     Source Type: Journal    
DOI: 10.3368/le.91.4.627     Document Type: Article

References (54)

1. American Farmland Trust. 2013. Reforming the 2014 Farm Bill: Farm Policy for the 21st Century. Washington, DC: American Farmland Trust. Available at www.farmland.org/programs/federal/2014FB-Protect-FarmLand.asp (accessed May 13, 2014).
2. Beasley, Steven D., William G. Workman, and Nancy A. Williams. 1986. "Estimating Amenity Values of Urban Fringe Farmland: A Contingent Valuation Approach: Note." Growth and Change 17 (4): 70-78.
3. Bell, Kathleen P. 2007. "Public Preferences for Natural Resources: Evidence from Maine." Paper presented at the American Agricultural Economics Association Annual Meeting, Portland, Oregon, 2007.
4. Bergstrom, John C., B. L. Dillman, and John R. Stoll. 1985. "Public Environmental Amenity Benefits of Private Land: The Case of Prime Agricultural Land." Southern Journal of Agricultural Economics 17 (1): 139-49.
5. Bergstrom, John C., and Richard C. Ready. 2009. "What Have We Learned from Over 20 Years of Farmland Amenity Valuation Research in North America?" Applied Economic Perspectives and Policy 31 (1): 21-49.
6. Boyle, Kevin, and Semra Özdemir. 2009. "Convergent Validity of Attribute-Based, Choice Questions in Stated-Preference Studies." Environmental and Resource Economics 42 (2): 247-64.
7. Cameron, A. Colin, and Pravin K. Trivedi. 2005. Microeconometrics: Methods and Applications. Cambridge: Cambridge University Press.
8. Dorfman, Jeffrey H., Barry J. Barnett, John C. Bergstrom, and Bethany Lavigno. 2009. "Searching for Farmland Preservation Markets: Evidence from the Southeastern U.S." Land Use Policy 26 (1): 121-29.
9. Duke, Joshua M., and Thomas W. Ilvento. 2004. "A Conjoint Analysis of Public Preferences for Agricultural Land Preservation." Agricultural and Resource Economics Review 33 (2): 209-19.
10. Duke, Joshua M., Robert J. Johnston, and Tammy W. Campson. 2007. Preserving Farms and Forests in Sussex County, Delaware: Public Value. FREC Research Report. Newark: Department of Food and Resource Economics, College of Agriculture and Natural Resources, University of Delaware.
11. Economic Research Service. 2003. Measuring Rurality: 1993 Urban Influence Codes. Washington, DC: U.S. Department of Agriculture, Economic Research Service. Available at http://webarchives.cdlib.org/sw1db7wq09/http://www.ers.usda.gov/Briefing/Rurality/urbaninf/1993UIC.htm (archived page).
12. Economic Research Service. 2012a. Natural Amenities Scale: Documentation. Washington, DC: U.S. Department of Agriculture, Economic Research Service. Available at www.ers.usda.gov/data-products/natural-amenities-scale/documentation.aspx.
13. Economic Research Service. 2012b. Rural-Urban Continuum Codes: Documentation. Washington, DC: U.S. Department of Agriculture, Economic Research Service. Available at www.ers.usda.gov/data-products/rural-urban-continuum-codes/documentation.aspx.
14. Georgia Department of Natural Resources. 2003. Georgia Greenspace Program Description. Atlanta: Georgia Department of Natural Resources. Available at www1.gadnr.org/greenspace/description.html (accessed May 13, 2013).
15. Hall, Clare, Alistair McVittie, and Dominic Moran. 2004. "What Does the Public Want from Agriculture and the Countryside? A Review of Evidence and Methods." Journal of Rural Studies 20 (2): 211-25.
16. Halstead, John M. 1984. "Measuring the Nonmarket Value of Massachusetts Agricultural Land: A Case Study." Journal of Northeastern Agricultural Economics 13 (1): 12-18.
17. Heckman, James J. 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models." Annals of Economic and Social Measurement 5 (4): 475-92.
18. Hellerstein, Daniel, Cynthia Nickerson, Joseph Cooper, Peter Feather, Dwight Gadsby, Daniel Mullarkey, Abebayehu Tegene, and Charles Barnard. 2002. Farmland Protection: The Role of Public Preferences for Rural Amenities. Agricultural Economic Report. Washington, DC: U.S. Department of Agriculture, Economic Research Service.
19. Holmes, Thomas P., and Wiktor L. Adamowicz. 2003. "Attribute-Based Methods." In A Primer on Nonmarket Valuation, ed. Patricia A. Champ, Kevin J. Boyle, and Thomas C. Brown, 171-219. Dordrecht: Kluwer Academic Publishers.
20. Johnston, Robert J., and John C. Bergstrom. 2011. "Valuing Farmland Protection: Do Empirical Results and Policy Guidance Depend on the Econometric Fine Print?" Applied Economic Perspectives and Policy 33 (4): 639-60.
21. Johnston, Robert J., and Joshua M. Duke. 2007. "Willingness to Pay for Agricultural Land Preservation and Policy Process Attributes: Does the Method Matter?" American Journal of Agricultural Economics 89 (4): 1098-1115.
22. Johnston, Robert J., 2009. "Willingness to Pay for Land Preservation across States and Jurisdictional Scale: Implications for Benefit Transfer." Land Economics 85 (2): 217-37.
23. Johnston, Robert J., James J. Opaluch, Thomas A. Grigalunas, and Marisa J. Mazzotta. 2001. "Estimating Amenity Benefits of Coastal Farmland." Growth and Change 32 (3): 305-25.
24. Johnston, Robert J., Stephen K. Swallow, Dana M. Bauer, and Christopher M. Anderson. 2003. "Preferences for Residential Development Attributes and Support for the Policy Process: Implications for Management and Conservation of Rural Landscapes." Agricultural and Resource Economics Review 32 (1): 65-82.
25. Kashian, Russ, and Mark Skidmore. 2002. "Preserving Agricultural Land via Property Assessment Policy and the Willingness to Pay for Land Preservation." Economic Development Quarterly 16 (1): 75-87.
26. Kline, Jeffrey, and Dennis Wichelns. 1994. "Using Referendum Data to Characterize Public Support for Purchasing Development Rights to Farmland." Land Economics 70 (2): 223-33.
27. Kline, Jeffrey, 1998. "Measuring Heterogeneous Preferences for Preserving Farmland and Open Space." Ecological Economics 26 (2): 211-24.
28. Kotchen, Matthew J., and Shawn M. Powers. 2006. "Explaining the Appearance and Success of Voter Referenda for Open-Space Conservation." Journal of Environmental Economics and Management 52 (1): 373-90.
29. Lancaster, Kelvin J. 1966. "A New Approach to Consumer Theory." Journal of Political Economy 74 (2): 132-57.
30. Lee, Christopher. 2008. From Good to Great to Bestin-Class: A Real Estate Leader's Guide to Optimal Performance. Chicago: Institute of Real Estate Management.
31. Maine Department of Agriculture, Conservation, and Forestry. 2013. Farmland Protection Program. Augusta: Maine Department of Agriculture, Conservation, and Forestry. Available at www.maine.gov/dacf/ard/farmland_protection/index.shtml (accessed May 13, 2014).
32. Maine Farmland Trust. 2013. Protected Farmland. Belfast: Maine Farmland Trust. Available at www.mainefarmlandtrust.org/about-maine-farmland-trust/protected-farmland/(accessed May 13, 2014).
33. McConnell, Virginia D., and Margaret A. Walls. 2005. The Value of Open Space: Evidence from Studies of Nonmarket Benefits. RFF Report. Washington, DC: Resources for the Future.
34. McLeod, Donald, Katherine Inman, Roger Coupal, and Jonathan Gates. 2002. Sheridan County Land Use and Planning Survey Results. Technical report. Laramie: University of Wyoming, Agricultural Experiment Station.
35. Moon, Wanki, and Jacob W. Griffith. 2011. "Assessing Holistic Economic Value for Multifunctional Agriculture in the US." Food Policy 36 (4): 455-65.
36. Natural Resources Conservation Service. 2008. At a Glance: Farm and Ranch Lands Protection Program. Washington, DC: U.S. Department of Agriculture, Natural Resources Conservation Service. Available at www.nrcs.usda.gov/Internet/FSE_DOCUMENTS/nrcs143_00.
37. Nelson, Erik, Michinori Uwasu, and Stephen Polasky. 2007. "Voting on Open Space: What Explains the Appearance and Support of Municipal-Level Open Space Conservation Referenda in the United States?" Ecological Economics 62 (3-4): 580-93.
38. Nickerson, Cynthia J., and Daniel Hellerstein. 2003. "Protecting Rural Amenities through Farmland Preservation Programs." Agricultural and Resource Economics Review 32 (1): 129-44.
39. Ohio Department of Agriculture. 2013. Office of Farmland Preservation Annual Report. Reynoldsburg: Ohio Department of Agriculture. Available at www.agri.ohio.gov/farmland/docs/2013_Farmland_Annual_Report.pdf.
40. Özdemir, Semra. 2003. "Convergent Validity of Conjoint Values for Farmland Conservation Easement Programs." Master's thesis, University of Maine.
41. Paterson, Robert W., Kevin J. Boyle, Mary C. Ahearn, Aanna Alberini, John C. Bergstrom, Lawrence W. Libby, and Michael P. Welsh. 2005. "Public Preferences for Farmland Attributes in Conservation Easement Programs." In Land Use Problems and Conflicts: Causes, Consequences and Solutions, ed. Stephen J. Goetz, James S. Shortle, and John C. Bergstrom, 165-85. London: Routledge.
42. Paterson, Robert W., Kevin J. Boyle, Christopher F. Parmeter, James E. Neumann, and Paul De Civita. 2008. "Heterogeneity in Preferences for Smoking Cessation." Health Economics 17 (12): 1363-77.
43. Ready, Richard C., Mark C. Berger, and Glenn C. Blomquist. 1997. "Measuring Amenity Benefits from Farmland: Hedonic Pricing vs. Contingent Valuation." Growth and Change 28 (4): 438-58.
44. Roe, Brian, Elena G. Irwin, and Hazel A. MorrowJones. 2004. "The Effects of Farmland, Farmland Preservation, and Other Neighborhood Amenities on Housing Values and Residential Growth." Land Economics 80 (1): 55-75.
45. Rosenberger, Randall S., and John B. Loomis. 1999. "The Value of Ranch Open Space to Tourists: Combining Observed and Contingent Behavior Data." Growth and Change 30 (3): 366-83.
46. Rosenberger, Randall S., and Richard G. Walsh. 1997. "Nonmarket Value of Western Valley Ranchland Using Contingent Valuation." Journal of Agricultural and Resource Economics 22 (2): 296-309.
47. Swait, Joffre, and Jordan Louviere. 1993. "The Role of the Scale Parameter in the Estimation and Comparison of Multinomial Logit Models." Journal of Marketing Research 30 (3): 305-14.
48. U.S. Census Bureau. 2012a. 2008 National Population Projections: Summary Tables. Washington, DC: U.S. Census Bureau. Available at www.census.gov/population/projections/data/national/2008/summarytables.html (accessed December 10, 2012).
49. U.S. Census Bureau. 2012b. Statistical Abstract of the United States; Agriculture. Washington, DC: U.S. Census Bureau. Available at www.census.gov/compendia/statab/cats/agriculture.html.
50. U.S. Census Bureau. 2013. United States Census 2000. Washington, DC: U.S. Census Bureau. Available at www.census.gov/main/www/cen2000.html (accessed May 13, 2014).
51. U.S. Department of Agriculture (USDA). 2009. Summary Report: 2007 National Resources Inventory. Technical report. Washington, DC: Natural Resources Conservation Service.
52. Vella, Francis. 1998. "Estimating Models with Sample Selection Bias: A Survey." Journal of Human Resources 33 (1): 127-69.
53. Volinskiy, Dmitriy, and John C. Bergstrom. 2007. "Valuation of Farmland Conservation Easement Programs When Preferences Vary." Faculty Series Working Paper. Athens: Department of Agricultural and Applied Economics, University of Georgia.
54. Wooldridge, Jeffrey M. 2002. Econometric Analysis of Cross Section and Panel Data. Cambridge, MA: MIT Press.