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Urban Sprawl and Farmland Prices
Grigorios Livanis
Charles Moss
Vincent E. Breneman
Richard F. Nehring
出版
SSRN
, 2020
URL
http://books.google.com.hk/books?id=mBHczwEACAAJ&hl=&source=gbs_api
註釋
A theoretical model of farmland valuation is developed to explicitly account for three effects of urban sprawl: conversion of farmland to urban uses, effect on agricultural returns, and speculative effect as represented by farmland conversion risk. This model is estimated using county-level data in the continental United States. Evidence is found for all three effects of urban sprawl on farmland values. Counties more accessible to major urban centers have higher net agricultural returns. Subsidiary evidence supports that the latter effect may be attributed to survival of (or conversion to) high-valued agriculture around urban centers.