A Conjoint Analysis of Public Preferences for Agricultural Land Preservation
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Public preferences for the nonmarket services of permanently preserved agricultural land are measured and compared using conjoint analysis. The results from a survey of 199 Delawareans suggest environmental and nonmarket-agricultural services are the most important preserved-land attributes. Results also suggest that open space associated with wetlands on farms is neither an amenity nor a disamenity. On the margin, preserved parcels with agricultural and environmental attributes provide net benefits, which may exceed $1,000,000 for a 1,000-acre parcel. Preserved forestland provides benefits per acre that are statistically equivalent to cropland, though forestland may be less expensive to preserve.