Urban Sprawl and Farmland Prices

Posted: 13 Oct 2006

See all articles by Grigorios Livanis

Grigorios Livanis

University of Florida - Warrington College of Business Administration - Department of Economics; Northeastern University - International Business & Strategy

Charles Moss

University of Florida - Food & Resource Economics Department

Vincent E. Breneman

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Richard F. Nehring

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

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Abstract

A theoretical model of farmland valuation is developed to explicitly account for three effects of urban sprawl: conversion of farmland to urban uses, effect on agricultural returns, and speculative effect as represented by farmland conversion risk. This model is estimated using county-level data in the continental United States. Evidence is found for all three effects of urban sprawl on farmland values. Counties more accessible to major urban centers have higher net agricultural returns. Subsidiary evidence supports that the latter effect may be attributed to survival of (or conversion to) high-valued agriculture around urban centers.

Suggested Citation

Livanis, Grigorios and Moss, Charles B. and Breneman, Vince and Nehring, Richard F., Urban Sprawl and Farmland Prices. American Journal of Agricultural Economics, Vol. 88, No. 4, pp. 915-929, November 2006. Available at SSRN: https://ssrn.com/abstract=937047 or http://dx.doi.org/10.1111/j.1467-8276.2006.00906.x

Grigorios Livanis (Contact Author)

University of Florida - Warrington College of Business Administration - Department of Economics ( email )

224 Matherly Hall
P.O. Box 117140
Gainesville, FL 32611-7140
United States

HOME PAGE: http://plaza.ufl.edu/livanis/

Northeastern University - International Business & Strategy ( email )

Boston, MA 02115
United States

Charles B. Moss

University of Florida - Food & Resource Economics Department ( email )

1175 McCarty Hall
P.O. Box 110240
Gainesville, FL 32611-0240
United States
352-294-7630 (Phone)
352-392-3646 (Fax)

HOME PAGE: http://ricardo.ifas.ufl.edu/l

Vince Breneman

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5597 (Phone)

Richard F. Nehring

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

Washington, DC 20250
United States

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