Economics
Are farmland preservation program easement restrictions capitalized into farmland prices? What can a propensity score matching analysis tell us?
Document Type
Conference Paper
Abstract
In this paper, we re-examine the impact of agricultural easements on sales prices, using a substantially expanded data set of 3,554 observations in 22 Maryland counties, including 249 preserved properties over 1997–2003. Maryland has had a variety of state and county agricultural land preservation programs since the late 1970s, with almost 250,000 acres preserved by 2004 in the state Maryland Agricultural Land Preservation Foundation (MALPF) program.1 We analyze the impact of agricultural easements on sales prices, using both hedonic regression and propensity score approaches.
Publication Title
Review of Agricultural Economics
Publication Date
9-2007
Volume
29
Issue
3
First Page
502
Last Page
509
ISSN
1058-7195
DOI
10.1111/j.1467-9353.2007.00361.x
Keywords
farmland preservation programs
Repository Citation
Lynch, Lori; Gray, Wayne; and Geoghegan, Jacqueline, "Are farmland preservation program easement restrictions capitalized into farmland prices? What can a propensity score matching analysis tell us?" (2007). Economics. 85.
https://commons.clarku.edu/faculty_economics/85