CAPITALIZATION OF FARMLAND PRESERVATION PROGRAMS INTO FARMLAND PRICES

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This paper examines whether permanent farmland preservation programs are capitalized into farmland prices. We consider the landowner's decision to voluntarily participate and correct for sample selection bias in our estimation of sales prices. Initial results suggest development restrictions resulting from participation in these programs are fully capitalized into farmland prices.

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http://hdl.handle.net/123456789/534999

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https://ageconsearch.umn.edu/record/20877/files/spnick01.pdf

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University of Minnesota