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Farmland values and agricultural growth: the case of Chile

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  • Donoso, Guillermo
  • Cancino, Jose P.
  • Foster, William

Abstract

This study analyzes the relationships between farmland values and factors associated with the growth in Chilean agriculture, and identifies agricultural land value's determinants by estimating a log-linear hedonic price function. The results indicate that a parcel's market value varies according to its suitability and productivity for different crops, its location and transport costs, its potential for residential use, and other factors that determine expectations of future income streams. Farms with soil aptitude for fruits, high-valued export-oriented crops that have led Chile's agricultural boom, have higher values than those with forestry soil aptitude.

Suggested Citation

  • Donoso, Guillermo & Cancino, Jose P. & Foster, William, 2013. "Farmland values and agricultural growth: the case of Chile," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 13(02), pages 1-20, December.
    • Handle: RePEc:ags:earnsa:162308
    DOI: 10.22004/ag.econ.162308
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    References listed on IDEAS

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    Cited by:

    1. Nava, Noé J. & Morgan, Stephen N. & Ridley, William, 2024. "The Impact of International Demand for Cereals on U.S. farmland prices: A Model Implied Instrumental Variable Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343532, Agricultural and Applied Economics Association.
    2. Vasco Capela Tavares & Fernando Tavares & Eulália Santos, 2022. "The Value of Farmland and Its Determinants—The Current State of the Art," Land, MDPI, vol. 11(11), pages 1-14, October.
    3. Foster, W., 2018. "Stability of the Ricardian land value model: Chile during rapid economic growth," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 277125, International Association of Agricultural Economists.
    4. Pei-Ing Wu & Ching-En Su & Je-Liang Liou & Ta-Ken Huang, 2023. "Evaluation of the Contribution of Farmland Attributes to the Total Benefit from Its Contamination Remediation: Evidence from Taiwan," Land, MDPI, vol. 12(5), pages 1-22, April.

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    Keywords

    Land Economics/Use;

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