IDEAS home Printed from https://ideas.repec.org/p/ags/aaea03/22163.html
   My bibliography  Save this paper

Implicit Prices Of Wetland Easements

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/22163/files/sp03sh03.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.22163?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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.
    3. Capozza Dennis R. & Sick Gordon A., 1994. "The Risk Structure of Land Markets," Journal of Urban Economics, Elsevier, vol. 35(3), pages 297-319, May.
    4. Brent L. Mahan & BStephen Polasky & Richard M. Adams, 2000. "Valuing Urban Wetlands: A Property Price Approach," Land Economics, University of Wisconsin Press, vol. 76(1), pages 100-113.
    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.
    9. Anita Regmi, 1997. "Spatial, Productivity, and Environmental Determinants of Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1657-1664.
    10. Charles H. Barnard & Gerald Whittaker & David Westenbarger & Mary Ahearn, 1997. "Evidence of Capitalization of Direct Government Payments into U.S. Cropland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1642-1650.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Steven D. Shultz & Steven J. Taff, 2004. "Implicit Prices of Wetland Easements in Areas of Production Agriculture," Land Economics, University of Wisconsin Press, vol. 80(4).
    2. Moriah B. Bostian & Pierre Dupraz & Jean Minviel, 2015. "Production effects of wetland conservation: evidence from France [Les impacts productifs de la conservation des zones humides : application française]," Working Papers hal-02796850, HAL.
    3. Ribaudo, Marc O. & Heimlich, Ralph & Claassen, Roger & Peters, Mark, 2001. "Least-cost management of nonpoint source pollution: source reduction versus interception strategies for controlling nitrogen loss in the Mississippi Basin," Ecological Economics, Elsevier, vol. 37(2), pages 183-197, May.
    4. Lambert, David & Shultz, Steven, 1999. "Implicit Prices of CRP Enrollments, Wetlands, and Soil Quality in North Dakota," Western Region Archives 321699, Western Region - Western Extension Directors Association (WEDA).
    5. Cho, Seong-Hoon & Poudyal, Neelam C. & Roberts, Roland K., 2008. "Spatial analysis of the amenity value of green open space," Ecological Economics, Elsevier, vol. 66(2-3), pages 403-416, June.
    6. Jan Rouwendal & Ramona van Marwijk & Or Levkovich, 2014. "The Value of Proximity to Water in Residential Areas," Tinbergen Institute Discussion Papers 14-047/VIII, Tinbergen Institute.
    7. Vercammen, James, 2014. "The Welfare Impacts of a Conservation Easement," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169813, Agricultural and Applied Economics Association.
    8. Hoag, Dana L. & Bastian, Christopher T. & Keske, Catherine M. & McLeod, Donald M. & Marshall, Andrew, 2005. "Evolving Conservation Easement Markets In The West," Western Economics Forum, Western Agricultural Economics Association, vol. 4(1), pages 1-7.
    9. Kriesel, Warren & Mullen, Jeffrey D., 2009. "Alternative Housing Development Strategies in Georgia's Coastal Marshlands," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49514, Agricultural and Applied Economics Association.
    10. Jeffrey P. Cohen & Robert G. Cromley & Kevin T. Banach, 2015. "Are Homes Near Water Bodies and Wetlands Worth More or Less? An Analysis of Housing Prices in One Connecticut Town," Growth and Change, Wiley Blackwell, vol. 46(1), pages 114-132, March.
    11. James R. Meldrum, 2016. "Floodplain Price Impacts by Property Type in Boulder County, Colorado: Condominiums Versus Standalone Properties," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 64(4), pages 725-750, August.
    12. Plantinga, Andrew J. & Lubowski, Ruben N. & Stavins, Robert N., 2002. "The effects of potential land development on agricultural land prices," Journal of Urban Economics, Elsevier, vol. 52(3), pages 561-581, November.
    13. Hoehn, John & Lupi, Frank & Kaplowitz, Michael, 2001. "Experiments in Valuing Wetland Ecosystems," Western Region Archives 321687, Western Region - Western Extension Directors Association (WEDA).
    14. Paul Maliszewski & Elisabeth Larson & Charles Perrings, 2013. "Valuing the Reliability of the Electrical Power Infrastructure: A Two-stage Hedonic Approach," Urban Studies, Urban Studies Journal Limited, vol. 50(1), pages 72-87, January.
    15. Tajibaeva, Liaila & Haight, Robert & Stephen, Polasky, 2014. "Welfare and Biodiversity Tradeoffs in Urban Open Space Protection," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170602, Agricultural and Applied Economics Association.
    16. Steven D. Shultz, 2005. "Evaluating the Acceptance of Wetland Easement Conservation Offers," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(2), pages 259-272.
    17. Masha Maslianskaia-Pautrel & Catherine Baumont pba148, 2016. "The nature and impacts of environmental spillovers on housing prices: A spatial hedonic analysis," Working Papers 2016.04, FAERE - French Association of Environmental and Resource Economists.
    18. Belcher, Richard N. & Chisholm, Ryan A., 2018. "Tropical Vegetation and Residential Property Value: A Hedonic Pricing Analysis in Singapore," Ecological Economics, Elsevier, vol. 149(C), pages 149-159.
    19. Stephen Gibbons & Susana Mourato & Guilherme Resende, 2014. "The Amenity Value of English Nature: A Hedonic Price Approach," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 57(2), pages 175-196, February.
    20. Steven C Bourassa & Martin Hoesli & Jian Sun, 2004. "What's in a View?," Environment and Planning A, , vol. 36(8), pages 1427-1450, August.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    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:ags:aaea03:22163. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: AgEcon Search (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.