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Impact of Confined Animal Feeding Operations on Agricultural Land Values

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Listed:
  • Thomas, Raymond J.
  • Myers, Matthew
  • Pendell, Dustin L.
  • Taylor, Mykel
  • Yu, Jisang
  • Tian, Amanda

Abstract

Previous studies have attempted to explain variations in farmland values, but few consider the effect of confined animal feeding facilities (CAFOs) on the value of agricultural land within a certain proximity. Using parcel-level transaction data and fixed-effect models with different specifications on the distance to CAFOs, this study finds a positive relationship between agricultural land prices and CAFOs located within various distances of the parcel sale. With a distance-band specification, the positive effect of CAFOs is more prominent for the 0- to 25-kilometer distance. We also find that the price rises as the nearest CAFO is located closer.

Suggested Citation

  • Thomas, Raymond J. & Myers, Matthew & Pendell, Dustin L. & Taylor, Mykel & Yu, Jisang & Tian, Amanda, 2024. "Impact of Confined Animal Feeding Operations on Agricultural Land Values," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2024, January.
    • Handle: RePEc:ags:jasfmr:342907
    DOI: 10.22004/ag.econ.342907
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    References listed on IDEAS

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