Influence of purchaser perceptions and intentions on price for forest land parcels: A hedonic pricing approach

Kilgore, Michael A.; Hudson, Rachel; Donnay, Jacob S.

doi:10.1016/j.jfe.2007.04.002

Cited by 26 publications

(26 citation statements)

References 23 publications

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“…For example, a study conducted in Toronto shows that the value of the park (environmental and esthetic) depends on its biodiversity (Millward and Sabir, 2011). Snyder et al (2008) examined the major factors influencing the market prices for undeveloped forest land in northern Minnesota, based on buyers' perceptions of relevant forest characteristics. One surprising result was that merchantable timber volume did not increase the property price significantly, contrary to less intuitive factors like water frontage.…”

Section: Previous Researchmentioning

confidence: 99%

Forest proximity impact on undeveloped land values: A spatial hedonic study

Zygmunt

Głuszak

2015

Forest Policy and Economics

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Section: Previous Researchmentioning

confidence: 99%

Forest proximity impact on undeveloped land values: A spatial hedonic study

Zygmunt

Głuszak

2015

Forest Policy and Economics

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“…Since we cannot directly observe the key components of our theoretical model, we empirically decompose forestland prices according to hedonic theory (first exposed by Rosen 1974) in order to test our hypotheses. In our context, hedonic modeling rest on the assumption that the price of a parcel of land is the sum of the unobserved prices of a bundle of attributes associated with that good (Snyder et al 2008). We thus account for heterogeneity in the quality of land and, using panel data, for changes in key attributes that we hypothesized to affect land prices (Chicoine 1981, Sills andCaviglia-Harris 2009), see details in the SM.…”

Section: Empirical Strategy and Datamentioning

confidence: 99%

Land speculation and conservation policy leakage in Brazil

Miranda

Börner

Kalkuhl

et al. 2019

Environ. Res. Lett.

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The Brazilian Amazon and Cerrado biomes have been subject to strong pressure from agricultural expansion over the past two decades. A common claim is that the associated tree cover loss was partly driven by speculative land acquisition. In this paper, we analyze the effects of information on planned road infrastructure improvements and changes in conservation policy implementation on expectations of forest conversion. We use a unique land price dataset covering the period from 2001-2012. Based on land rent and hedonic valuation theory, we argue that forestland prices convey information on expected future land use. We decompose forestland prices into a conventional forestland rent and a speculative part related to forestland conversion and alternative land use rents. Using a fixed-effect panel, we then assess whether, where, and to what extent changes in conservation policy affect forestland prices over time. Our results confirm that forestland prices contain expectations about converting forestland to agricultural or pasture land. We also find indications that the Brazilian land market conveys information about potential conservation policy leakage and explore this conjecture descriptively using dynamic deforestation hotspot maps.

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“…A reduction in forest soil quality will impact on the growth of trees and biomass, etc. In this context, a study in the USA mentioned that the quality of land and tree cover, etc., led to a maximum of 17% increase in forest land prices (Snyder et al 2008). Keeping this in mind, and taking the half value of this parameter (i.e.…”

Section: Soil Protectionmentioning

confidence: 99%

Estimation of the value of forest ecosystem services to develop conservational strategy management (strengths, weaknesses, opportunities and threats)

Jahanifar¹,

Hamid²,

Abedi³

et al. 2017

J. For. Sci.

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Jahanifar K., Amirnejad H., Abedi Z., Vafaeinejad A. (2017): Estimation of the value of forest ecosystem services to develop conservational strategy management (strengths, weaknesses, opportunities and threats). J. For. Sci., 63: 300-312.Forests ecosystems provide several undisputable benefits which policy-makers blink since these values do not record in conventional markets or are difficult to measure. This paper indicates that the annual value of the ecosystem services such as water conservation, soil protection, carbon fixation, nutrient cycling, water purification, air pollution absorption and recreation provided by forests is not only worth millions of dollars, but also in per hectare terms much more than hitherto known. After estimating the value of ecosystem services, results are available to policy-makers and experts at a brainstorming and by using SWOT, conservational strategies for long-term management based on strengths, weaknesses, opportunities and threats were developed. Ecosystem services value for the Mazandaran Forest Reserve ranged from 14.2 to 14.8 million USD or about 6,676.9-6,785.6 USD·ha -1 . Given these results, raising the society awareness of the negative impact of forest land use changes based on the functional value were proposed as conservational strategies to prevent the forest land use change. If these are accounted for, then governments and societies faced with the development versus conservation dilemma can create more understanding decisions and policies that will assist to conserve forests and the ecosystem services they provide, and thereby promulgate human well-being and sustainable development.

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Influence of purchaser perceptions and intentions on price for forest land parcels: A hedonic pricing approach

Cited by 26 publications

References 23 publications

Forest proximity impact on undeveloped land values: A spatial hedonic study

Forest proximity impact on undeveloped land values: A spatial hedonic study

Land speculation and conservation policy leakage in Brazil

Estimation of the value of forest ecosystem services to develop conservational strategy management (strengths, weaknesses, opportunities and threats)

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