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Effects of Small Watershed Development on Land Values

Author

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  • Kasal, James

Abstract

Small watershed flood control development (Public Law 566) has had varying impacts on structure site land values. Economics, location, climate, and land use differences were found to be important factors in assessing land value changes. Oklahoma and Nebraska data indicate that onsite land value changes due to the program range from a negative 37.75 percent to a positive 24.2 percent, depending on estimating and deflating procedures. Data also indicate that easement expenditures for flood control structure sites usually exceed the 25 to 38 percent compensation necessary to leave landowners in the same financial position before and after the transfer of land rights.

Suggested Citation

  • Kasal, James, 1978. "Effects of Small Watershed Development on Land Values," Agricultural Economic Reports 307683, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerser:307683
    DOI: 10.22004/ag.econ.307683
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