文章基本信息

标题：THE IMPACT OF PARCEL CHRACTERISTICS ON THE COST OF DEVELOPMENT RIGHTS TO FARMLAND
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作者：Wichelns, Dennis ; Kline, Jeffrey D.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：1993
出版社：Food Distribution Research Society
摘要：This paper examines the economic impact of selected farmland characteristics on the appraised value of development rights. Price elasticities are estimated for the size and location of farmland parcels, the amount of road frontage, the existence of panoramic views, and the distance to urban centers. Estimated elasticities suggest that parcel characteristics have a substantial impact on the cost of preserving farmland. For example, the per-acre cost of development rights is estimated to be 53 percent higher on farmland parcels that have a panoramic view of water than on parcels that have no water view. Similarly, the per-acre cost of development rights on a typical 25-acre farm is estimated to be 90 percent higher than on a typical 150-acre farm. Results suggest that the net social benefits obtained through farmland preservation programs may be enhanced by considering the impact of farmland characteristics on the marginal costs of purchasing development rights, when selecting among a set of candidate farms.