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Effects Of Energy Development On Agricultural Land Values

Author

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  • Leistritz, F. Larry
  • Wiedrich, Garland D.
  • Vreugdenhil, Harvey G.

Abstract

This paper uses multiple regression analysis to examine the effects of energy resource development on sale prices of agricultural land in western North Dakota. The findings suggest that energy resources development has exerted only modest upward pressure on agricultural land values in the northern Great Plains. The land market in this region remains dominated by active farmers who are purchasing farmland as a long-term investment, and energy development has not had a major impact on the structure of that market.

Suggested Citation

  • Leistritz, F. Larry & Wiedrich, Garland D. & Vreugdenhil, Harvey G., 1985. "Effects Of Energy Development On Agricultural Land Values," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-12, December.
    • Handle: RePEc:ags:wjagec:32311
    DOI: 10.22004/ag.econ.32311
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    File URL: https://ageconsearch.umn.edu/record/32311/files/10020204.pdf
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    References listed on IDEAS

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    1. Hammill, Anne E., 1969. "Variables Related to Farm Real Estate Values in Minnesota Counties," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 21(2), pages 1-6, April.
    2. Nelson, James R. & Burton, William E., 1981. "Analysis Of Factors Affecting Rural Real Estate Values In Eastern Oklahoma," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279421, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Emanuel Melichar, 1979. "Capital Gains versus Current Income in the Farming Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(5), pages 1085-1092.
    4. Marvin R. Duncan, 1977. "Farm real estate values -- some important determinants," Economic Review, Federal Reserve Bank of Kansas City, vol. 62(Mar), pages 3-12.
    5. Marvin R. Duncan, 1977. "Farm real estate values," Economic Review, Federal Reserve Bank of Kansas City, vol. 62(Jan), pages 13-20.
    6. C. Arden Pope III & H. L. Goodwin, 1984. "Impacts of Consumptive Demand on Rural Land Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 750-754.
    7. Chavas, Jean-Paul & Shumway, C. Richard, 1982. "A Pooled Time-Series Cross-Section Analysis Of Land Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-12, July.
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    Cited by:

    1. Guiling, Pamela & Doye, Damona & Brorsen, B. Wade, 2009. "Why Has the Price of Pasture Increased Relative to the Price of Cropland?," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-13.
    2. Lang, Markus & Saghaian, Sayed, 2014. "Effects of Shale Energy Production on Cropland Land Rents in North Dakota," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162460, Southern Agricultural Economics Association.

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