Livanis, Grigorios; Moss, Charles B.; Breneman, Vincent E. - In: American Journal of Agricultural Economics 88 (2006) 4, pp. 915-929
A theoretical model of farmland valuation is developed to explicitly account for three effects of urban sprawl: conversion of farmland to urban uses, effect on agricultural returns, and speculative effect as represented by farmland conversion risk. This model is estimated using county-level data...
