Bestimmungsfaktoren für Bodenpreise auf unterschiedlich regulierten MärktenEin Vergleich zwischen der Bundesrepublik Deutschland und Minnesota

KLAUS DRESCHER, KEVIN MCNAMARA

Published: 01.06.2000  〉 Heft 6/2000  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

Determinants of Farmland Prices in Different Regulated Markets - A Comparison between Germany and Minnesota This paper discusses determinants of farmland prices in Germany and Minnesota. A hedonic price model was used to estimate the implicit value of the land, agricultural structure, and regional economic attributes on farm land prices. The analysis found farmland prices are influenced by agricultural production attributes as well as factors that influence the agricultural and non-agricultural demand for land. The results suggest that the potential for converting agricultural land to a higher-value, non-agricultural use creates a price expectation that is capitalised into prices. Environmental management policy and manure management regulation influence farmland prices in Germany. The assumption that farmland prices in large, low density regions are not influenced by non-agricultural factors was not supported by the empirical results.
CONTACT AUTHOR
Dr. KLAUS DRESCHER, Institut für Agrarökonomie der Christian-Albrechts-Universität zu Kiel, Olshausenstr. 40, D-24118 Kiel (kdrescher@agric-econ.uni-kiel.de) und Prof. KEVIN MCNAMARA, Department of Agricultural Economics, Purdue University, 1145 Krannert Building, West Lafayette IN 47907-1145 (mcnamara @agecon.purdue.edu)
Download Cover
SUBSCRIBER CONTENT

RELATED ARTICLES

SHARE THIS ARTICLE

Menu