More than 124 governmental entities concerned about suburban sprawl and farmland loss have implemented farmland preservation programs preserving 1.67 million acres at a cost of $3.723 billion. We ask how effective are these programs in slowing the rate of farmland loss. Using a unique 50-year...

This paper looks at the design and operation of the main program in Maryland, the Maryland Agricultural Land Preservation Fund (MALPF). We examine the features of the program in comparison to possible alternative designs. Our broader purpose is to examine the nature of farmland preservation and...

We analyze the factors influencing participation in Maryland's farmland preservation programs using data from a survey of agricultural landowners and spatial data on individual parcels. Factors influencing participation included distance from a major city, proximity to preserved parcels, length...

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...

Maryland has introduced a number of land preservation programs over the past 40 years to permanently preserve resource lands. Although new programs can increase the number of acres being preserved, they might have unintended impact on land preservation due to interaction with existing land...

Using an inverted Farrell methodology, we analyze the relative efficiency of five agricultural land preservation programs in three counties of Maryland in achieving the stated goals of maximum acreage, threatened parcels, and productive farms. Regression analysis is then used to compare the...

It has been hypothesized that differentially applied environmental regulations create pollution havens, as firms will choose to invest in countries with lax environmental standards. Using a theoretical model of pest control adoption and an empirical spatial equilibrium model, we examine one such...