This article develops a conceptual framework for analyzing the role of state-level policies towards the dairy sector in the presence of farmland amenity benefits, and applies it to Connecticut. Milk supply, demand and amenity benefit functions are estimated, and three exogenously determined milk...

Agricultural land often yields significant amenity benefits that may not be reflected in the prevailing allocation of land between agricultural and nonagricultural uses. This paper introduces a simple supply-demand model that incorporates these benefits in the determination of optimal land...