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Implicit Prices Of Wetland Easements

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  • Shultz, Steven D.
  • Taff, Steven J.

Abstract

Farmland prices were regressed against sale size, gross production values, surrounding land uses and wetlands, and perpetual wetland easements administered by United States Fish and Wildlife Service. Each additional wet wetland acre reduced average cropland values by $209 or 51% of average local cropland values while each additional wetland easement acre reduces average land values by $234 which corresponds to 57% of local cropland values.

Suggested Citation

  • Shultz, Steven D. & Taff, Steven J., 2003. "Implicit Prices Of Wetland Easements," 2003 Annual meeting, July 27-30, Montreal, Canada 22163, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22163
    DOI: 10.22004/ag.econ.22163
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    References listed on IDEAS

    as
    1. Ralph J. Brown, 1976. "A Study of the Impact of the Wetlands Easement Program on Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 52(4), pages 509-517.
    2. Abebayehu Tegene & Keith Wiebe & Betsey Kuhn, 1999. "Irreversible Investment Under Uncertainty: Conservation Easements and the Option to Develop Agricultural Land," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(2), pages 203-219, May.
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    5. Roger Claassen & Ralph E. Heimlich & Robert M. House & Keith D. Wiebe, 1998. "Estimating the Effects of Relaxing Agricultural Land Use Restrictions: Wetland Delineation in the Swampbuster Program," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 20(2), pages 390-405.
    6. Doss, Cheryl R. & Taff, Steven J., 1996. "The Influence Of Wetland Type And Wetland Proximity On Residential Property Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(1), pages 1-10, July.
    7. Ralph E. Heimlich, 1994. "Costs of an Agricultural Wetland Reserve," Land Economics, University of Wisconsin Press, vol. 70(2), pages 234-246.
    8. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.
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