SOME SPATIAL ASPECTS OF AN EXTERNALITY: THE CASE OF LIVESTOCK PRODUCTION FACILITIES; Proceedings of the Fifth Joint Conference on Agriculture, Food, and the Environment, June 17-18, 1996, Padova, Italy
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In our report to the Legislature (Taff et al. 1996), we examined the interrelationships among residential property sales and nearby feedlots in two southwestern Minnesota counties. We found substantial support for such a link in the study area. That relationship was positive, not negative as we had expected. The effect was most pronounced for houses that are older, relatively lower in price, or located in small towns. In this paper, I summarize the approach and discuss the findings of that research. I then sketch out what I hope will prove a fruitful set of further inquiries into the question of multiple disamenities and hedonic price estimation.