We were asked by the Legislature to conduct "research into the effects feedlots have on the value of nearby property." To do so, we carried out a statistical examination of the interrelationships among residential property sales prices and nearby feedlots in a southwestern Minnesota study area....

Ownership in property can be thought of as ownership of the rights to the "incomes" associated with different uses of the property. Each potential use has a separate economic value, which can be ranked if put into money terms. The property's market value is usually held to be the highest income...

These histograms show the distribution of lower-priced (under $30,000 per acre) property values in each of the seven Twin Cities (Minnesota) Metropolitan Area counties. They were generated from value estimates prepared annually by county assessors, contained in the October 2002 release of the...

We establish a procedure to track the tax valuation history of properties that are fully or partially restricted with conservation easements to test the assertion that easements result in lower property valuations. Easements didn't decrease property valuations; they merely decreased the rate of...

This publication is a snapshot of the Minnesota Farm Real Estate Sales web site (http://www.apec.umn.edu/faculty/sjtaff/salesstudy) as of June 2, 2005. It will be formally "reissued" (the web site will be recaptured) each Spring, as new sales data become available. We no longer distribute a...

To examine the extent to which the Conservation Reserve Program (CRP) brings about a reduction in surplus commodity production, I develop a simple model that incorporates the farm-level production effects of entry into the Reserve. The model is used to estimate the reduction in aggregate program...

Two farmland protection programs in the Twin Cities (Minnesota) Metropolitan Area--Green Acres and Agricultural Preserves-- together enrolled 608,331 acres in 1992. The principal financing tool was a provision common to both programs under which participating landowners paid reduced property...

A wetland has no economic value in and of itself. Nor does it have a unique value, irrespective of context. Economic value is ascribed to a wetland by humans operating at a confluence of individual preferences, property rights, technological opportunities, and available resources. Such values...