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The Rural Real Estate Market In North Carolina

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  • Danielson, Leon E.

Abstract

This paper discusses the market for farmland in North Carolina and presents the results of the 1980 North Carolina Rural Real Estate Market Survey. Land value data that are currently available from the U.S. Department of Agriculture and the U.S. Department of Colmlerce are discussed and trends in real and nominal land values in North Carolina and the nation are examined. Several agricultural and nonagricultural factors that influence demand for North Carolina farmland for farm use and for conversion to nonfarm use are identified. Results of the 1980 survey provide information on (1) the nature and extent of farmland market activity in North Carolina based upon the judgment of survey respondents, and (2) average land values for actual sales of farmland both remaining in farming and being converted to nonfarm use. Considerable emphasis is given to the influence of nonfarm factors on land values and the land market.

Suggested Citation

  • Danielson, Leon E., 1981. "The Rural Real Estate Market In North Carolina," Department of Economics and Business - Archive 259552, North Carolina State University, Department of Economics.
    • Handle: RePEc:ags:ncbuar:259552
    DOI: 10.22004/ag.econ.259552
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    File URL: https://ageconsearch.umn.edu/record/259552/files/magr-northcarolinastate-070.pdf
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    References listed on IDEAS

    as
    1. Pasour Jr., E.C., 1973. "Real Property Taxes And Farm Real Estate Values In North Carolina," Department of Economics and Business - Archive 259738, North Carolina State University, Department of Economics.
    2. Morris, Douglas E., 1978. "Farmland Values And Urbanization," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 30(1), pages 1-4, January.
    3. E. C. Pasour, 1973. "Real Property Taxes and Farm Real Estate Values: Incidence and Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(4_Part_1), pages 549-556.
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    Citations

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    Cited by:

    1. Clifton, Ivery D. & Spurlock, Stanley R., 1983. "Analysis Of Variations In Farm Real Estate Prices Over Homogeneous Market Areas In The Southeast," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(1), pages 1-8, July.
    2. Palmquist, Raymond B. & Danielson, Leon E., 1986. "Valuing Farmland Improvements With Land Value Studies," Department of Economics and Business - Archive 259421, North Carolina State University, Department of Economics.
    3. Raup, Philip M., 1982. "Land Values Research Approaches And Data Needs," Staff Papers 13230, University of Minnesota, Department of Applied Economics.
    4. Palmquist, Raymond B. & Danielson, Leon E., 1987. "An Hedonic Study Of The Effects Of Erosion Control And Drainage On Farmland Values," Department of Economics and Business - Archive 259424, North Carolina State University, Department of Economics.

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    Keywords

    Land Economics/Use;

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