Schilling, Brian J.; Sullivan, Kevin P.; Duke, Joshua M. - In: Journal of Agricultural and Resource Economics 38 (2013) 3
Previous research has reached inconsistent, if not paradoxical, conclusions regarding the impact of conservation … easements on farmland prices. Expectations of price reductions, strongly grounded in economic theory, are not always observed …. This suggests that appraisals are undervaluing deed-restricted farmland, resulting in possible overpayment for conservation …