FARMLAND PRICE DETERMINANTS
Resource information
Date of publication
December 2001
Resource Language
ISBN / Resource ID
AGRIS:US2016220702
This paper examines determinants of farmland prices in Minnesota. A hedonic price model is used to estimate the implicit value of the land characteristics. Farmland prices are influenced by agricultural production attributes as well as demand factors. The results also suggest that the potential for development of land for higher value non-agricultural activities creates an expectation, that is capitalised into farmland prices.
