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Influence of Nonagricultural Values on Agricultural Land Prices

Guiling, Pam
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Abstract

The purpose of this study was to determine nonagricultural and agricultural influences on agricultural land values. In the first paper, recreation and urban influence were estimated using five years of data with models for all transaction acres, greater than or equal to eighty acres, and less than eighty acres. In the second paper, models were estimated using 35 years of data and dividing the state into a western and an eastern section. The third paper used a linear plateau model. Variables such as deer harvest, population, income, and distance to urban centers in Oklahoma and Arkansas were used along with land use variables (cropland, pasture land, irrigated cropland, timber, waste, water, and recreation acres) in all models.Agricultural factors continue to be important in explaining farmland values. Urban conversion values are increasing in importance and recreation does have some impact.

Date
2007-05-01
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