A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values
1989
Palmquist, Raymond B. | Danielson, Leon
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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