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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...
Persistent link: https://www.econbiz.de/10005494097
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...
Persistent link: https://www.econbiz.de/10005012565
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...
Persistent link: https://www.econbiz.de/10005807288
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...
Persistent link: https://www.econbiz.de/10005220474
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...
Persistent link: https://www.econbiz.de/10005338986
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...
Persistent link: https://www.econbiz.de/10005330737
Persistent link: https://www.econbiz.de/10003919235
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...
Persistent link: https://www.econbiz.de/10009445544
This paper describes four innovative farmland preservation techniques and gauges support through interviews of key stakeholders: program administrators, lawmakers, and landowners. Four techniques were selected for assessment from approximately 30 novel techniques: rights of first refusal; term...
Persistent link: https://www.econbiz.de/10005510724
While agricultural land preservation programs seek to maximize number of acres, to preserve productive farms, to preserve contiguous farms, and to preserve threatened farms, they are often evaluated solely on the number of acres preserved. Using a Farrell efficiency analysis, preserved parcels...
Persistent link: https://www.econbiz.de/10005510726