Factors Affecting the Value of Farmland, Illinois, 1951-1980
Author | : Krishna P. Belbase |
Publisher | : |
Total Pages | : 84 |
Release | : 1982 |
Genre | : Farm income |
ISBN | : |
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Author | : Krishna P. Belbase |
Publisher | : |
Total Pages | : 84 |
Release | : 1982 |
Genre | : Farm income |
ISBN | : |
Author | : Haixiao Huang |
Publisher | : |
Total Pages | : 0 |
Release | : 2020 |
Genre | : |
ISBN | : |
A hedonic model of Illinois farmland values is estimated using county-level cross-section time-series data. Explanatory variables include land productivity, parcel size, improvements, distances to Chicago and other large cities, an urban-rural index, livestock production through swine operation scale and farm density measures, population density, income, and inflation. The inclusion of spatial and serial correlation components substantially improves the model fit. Farmland values decline with parcel size, ruralness, distance to Chicago and large cities, and swine farm density, and increase with soil productivity, population density, and personal income.
Author | : University of Illinois (Urbana-Champaign campus). Agricultural Experiment Station |
Publisher | : |
Total Pages | : 126 |
Release | : 1930 |
Genre | : Soils |
ISBN | : |
Author | : David L. Chicoine |
Publisher | : |
Total Pages | : 52 |
Release | : 1983 |
Genre | : Farms |
ISBN | : |
Extract: Farmland in Illinois is now assessed for property tax purposes on the basis of its value in current agricultural use. This value, commonly referred to as use-value, is based on the present value of the residual income accruing to the land from farm production. During the 1970s, the method of assessing farmland in Illinois underwent several changes. The 1981 amendment to the Illinois Farmland Assessment Law was the result of extensive legislative debate and compromise. The purpose of this circular is to present the administrative and technical aspects of Illinois' approach to farmland use-value assessment and to demonstrate the application of this method of assessment to a farm.
Author | : University of Nebraska (Lincoln campus). Department of Agricultural Economics |
Publisher | : |
Total Pages | : 674 |
Release | : 1982 |
Genre | : Agriculture |
ISBN | : |