1989
DOI: 10.2307/1241774
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A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values

Abstract: Valuing farmland improvements is important for individual farmers and policy makers. This paper demonstrates the use of a hedonic land value study to determine the value of erosion control and drainage using data from North Carolina. Land values are significantly affected by both potential erosivity and drainage requirements. This study's estimates are compared with estimates derived from a variety of other types of studies.

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Cited by 149 publications
(78 citation statements)
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“…One track of research has focused on the formation of land prices and rents. Theoretical studies [for example, see Capozza and Helsley (1989)] and empirical studies [for instance, see Palmquist and Danielson (1989) and Geoghehan and Bockstael 19971 have shown how land prices are affected by location and other factors. Another track of research has focused on estimating land-use shares as functions of land prices or rents [see Alig (1986) and Hardie and Parks (1997), for example].…”
Section: Introductionmentioning
confidence: 99%
“…One track of research has focused on the formation of land prices and rents. Theoretical studies [for example, see Capozza and Helsley (1989)] and empirical studies [for instance, see Palmquist and Danielson (1989) and Geoghehan and Bockstael 19971 have shown how land prices are affected by location and other factors. Another track of research has focused on estimating land-use shares as functions of land prices or rents [see Alig (1986) and Hardie and Parks (1997), for example].…”
Section: Introductionmentioning
confidence: 99%
“…In addition, the loss of productivity is not due solely to the erosion process. Calculating the costs based on the drop in land values would entail using an ample and consistent historical land price data set, rendering this method impracticable (Ervin and Mill, 1985;Fletcher, 1985;Hertzler et al, 1985;Palmquist and Danielson, 1989). Hertzler et al (1985) conducted a study on the cost of soil use, based on a generalized Leontief function, split into two parts: nutrient losses and soil physical degradation.…”
Section: Soil Erosion Cost Valuation Methodsmentioning
confidence: 99%
“…This happens because the price of the product is increased by the amounts spent on repairing the damage that soil erosion causes on the farming Bennett (1933), Baver (1951), Marques et al (1961), Larson et al (1983), Clark (1985), Ervin and Mill (1985), Gardner and Barrows (1985), Fletcher (1985), Hertzler et al (1985), Crosson (1985Crosson ( , 2007, Crowder (1987), Moore and McCarl (1987), Foster et al (1987), Holmes (1988), Ribaudo et al (1989), Palmquist and Danielson (1989), , Robertson and Colletti (1994), Pimentel et al (1995), Alfsen et al (1996), Tenberg et al (1998), Pimentel and Kounang (1998), Marques (1998), Uri (1999Uri ( , 2000Uri ( , 2001, Gunatilake and Vieth (2000), Pretty et al (2000), Bandara et al (2001) land (represented by the shaded area in Figure 1). This off-site impact shifts C to C', generating a shift along curve D from point A to point B, so that the quantity produced drops from Q 1 to Q 2 , and the price increases from P 1 to P 2 (Figure 1).…”
Section: Losses and Costs Incurred By Soil Erosionmentioning
confidence: 99%
“…Turning to the HPM for agricultural lands, Palmquist (1989) and Palmquist and Danielson (1989) may be considered as the seminal papers, respectively, for rental values and for property values. One may also refer to Maddison (2000) for an application of the model to agricultural land.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The different articles focus either on farmland values (e.g. Palmquist and Danielson, 1989 ;Sklenicka et al, 2013) or rental values (e.g. Palmquist, 1989 ;Donoso and Vicente, 2001).…”
Section: Literature Reviewmentioning
confidence: 99%