IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v68y1986i4p812-819..html
   My bibliography  Save this article

Land Quality and Prices

Author

Listed:
  • Willis Peterson

Abstract

Although land values reflect land quality, the quality characteristics that determine values are only partly related to agricultural uses. The results of estimating a reduced-form equation explaining differences in land prices among states suggest that nearly two-thirds of this variation is attributed to nonagricultural uses. Therefore, a land quality index based on raw land prices will be biased, which in turn will result in biased coefficients in a production function or its dual. A cross-section land quality index which excludes the influence of nonagricultural uses is constructed.

Suggested Citation

  • Willis Peterson, 1986. "Land Quality and Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 68(4), pages 812-819.
    • Handle: RePEc:oup:ajagec:v:68:y:1986:i:4:p:812-819.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1242127
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peterson, Willis L., 1987. "International Land Quality Indexes," Staff Papers 13877, University of Minnesota, Department of Applied Economics.
    2. Shehryar Rashid & Asjad Tariq Sheikh, 2015. "Farmers’ Perceptions of Agricultural Land Values in Rural Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 54(4), pages 809-821.
    3. Vasavada, Utpal & White, Fred, 1987. "Capital Asset Valuation Under Risk Aversion," Regional Research Projects > 1987: S-180 Annual Meeting, March 22-25, 1987, San Antonio, Texas 272335, Regional Research Projects > S-180: An Economic Analysis of Risk Management Strategies for Agricultural Production Firms.
    4. Nicolas Devijlder & Koen Schoors, 2020. "Land rights, local financial development and industrial activity: evidence from Flanders (nineteenth–early twentieth century)," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 14(3), pages 507-550, September.
    5. Wiebe, Keith D., 2003. "Linking Land Quality, Agricultural Productivity, And Food Security," Agricultural Economic Reports 34073, United States Department of Agriculture, Economic Research Service.
    6. Chan-Kang, Connie & Pardey, Philip G. & Wood, Stanley & Roseboom, Johannes & Cremers, Marleen, 1999. "Reassessing Productivity Growth In African Agriculture," 1999 Annual meeting, August 8-11, Nashville, TN 21600, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Weisensel, Ward P. & van Kooten, G. Cornelis, 1990. "Estimation Of Soil Erosion Time Paths: The Value Of Soil Moisture And Topsoil Depth Information," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 15(01), pages 1-10, July.
    8. Coelli, Tim J. & Lloyd-Smith, J. & Morrison, D. & Thomas, J., 1991. "Hedonic Pricing For A Cost Benefit Analysis Of A Public Water Supply Scheme," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 35(1), pages 1-20, April.
    9. Chambers, Robert G. & Pope, Rulon D., 1989. "What Do Aggregate Agricultural Supply and Demand Curves Mean?," Working Papers 197605, University of Maryland, Department of Agricultural and Resource Economics.
    10. Nicolas De Vijlder & Koen Schoors, 2019. "Land Rights, Local Financial Development And Industrial Activity: Evidence From Flanders (19th – Early 20th Century)," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 19/962, Ghent University, Faculty of Economics and Business Administration.
    11. Ian A. Munn & Anwar Hussain, 2010. "Factors Determining Differences in Local Hunting Lease Rates: Insights from Blinder-Oaxaca Decomposition," Land Economics, University of Wisconsin Press, vol. 86(1), pages 66-78.
    12. Janssen, Larry & Button, Brian, 2004. "Impacts Of Federal Farm Program Payments On Cropland Values And Rental Rates: Evidence From County-Level Data In South Dakota," 2004 Annual meeting, August 1-4, Denver, CO 20398, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    13. Chambers, Robert G. & Pope, Rulon D., 1989. "What Do Aggregate Agricultural Supply and Demand Curves Mean?," 1990 Conference (34th), February 13-15, 1990, Brisbane, Australia 144922, Australian Agricultural and Resource Economics Society.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:68:y:1986:i:4:p:812-819.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.