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The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY

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  • Robert Simons
  • Youngme Seo
  • Spenser Robinson

Abstract

In this paper, we examine the economic impact of a tightly clustered complex of hog barns, a type of concentrated animal feeding operation (CAFO) on residential property in a rural area near Benton, Kentucky. The operation creates noxious and offensive odors associated with swine-raising and waste disposal activities. Theory and practice indicate that buyers would avoid purchasing a property believed to be contaminated or subject to effects of unsustainable environmental disamenities. Using hedonic regression analysis, the results show price reductions of 23%–32% for residential properties sold within 1.25 miles of the facility, and much larger losses northeast (downwind) of the facility.

Suggested Citation

  • Robert Simons & Youngme Seo & Spenser Robinson, 2014. "The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY," Journal of Sustainable Real Estate, Taylor & Francis Journals, vol. 6(1), pages 93-111, January.
    • Handle: RePEc:taf:rsrexx:v:6:y:2014:i:1:p:93-111
    DOI: 10.1080/10835547.2014.12091858
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