Hostname: page-component-78c5997874-lj6df Total loading time: 0 Render date: 2024-11-15T07:52:15.598Z Has data issue: false hasContentIssue false
  • English
  • Français

Factors Affecting Land Prices in a Rural New Jersey County

Published online by Cambridge University Press:  10 May 2017

Carl A. Northcraft  and
Leslie E. Small
Carl A. Northcraft
Affiliation:
Department of Agricultural Economics and Marketing, Cook College – New Jersey Agricultural Experiment Station, Rutgers University
Leslie E. Small
Affiliation:
Department of Agricultural Economics and Marketing, Cook College – New Jersey Agricultural Experiment Station, Rutgers University
Get access

Extract

Much attention has been given in recent years to the conversion of substantial amounts of rural land to urban uses. A variety of policies designed to encourage the retention of rural open space have been either proposed or implemented by many state and local governments. Because the decision to convert land to urban uses is generally a private decision in response to market forces, an understanding of these market forces should facilitate better policy development and implementation. This paper reports on a research project designed to explore the forces affecting rural land prices in areas where the rural land market is significantly influenced by the demand for land for urban or suburban uses. Publicly available data on transfers of rural land were analyzed, using a multiple regression model, to both identify and quantify the importance of factors affecting rural land prices.

Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 8 , Issue 2 , October 1979 , pp. 143 - 151
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

Paper of the Journal Series, New Jersey Agricultural Experiment Station, Cook College, Rutgers University, New Brunswick, New Jersey. This work was performed as part of NJAES Project No. 891, supported by the New Jersey Agricultural Experiment Station and by Regional Research funds of the U.S. Department of Agriculture. The authors appreciate the helpful comments of two anonymous reviewers. All deficiencies of the paper are the responsibility of the authors.

References

Bellows, William J. and Colacicco, Daniel. “Impact of C&O Canal National Historical Park on Land Values.” University of Maryland, Agricultural Experiment Station, Miscellaneous Publication No. 888, May 1976.Google Scholar
Colyer, Dale. “Socio-Economic Determinants of Rural land Values in Greenbrier County, West Virginia.” Journal of the Northeastern Agricultural Economics Council 7 (2): 75–77, October 1978.Google Scholar
New Jersey Department of Labor and Industry. Division of Planning and Research. New Jersey Residential Buildings Permits: Annual Summary, various years.Google Scholar
New Jersey Division of Taxation. “Farmland Assessment Act of 1964: Tenth Report of Data from FA-1 Forms for 1978 Tax Year.” September 1978.Google Scholar
Northcraft, Carl A. The Rural Land Market: An Analysis of Market Sales in Hunterdon County, New Jersey. Unpublished MS thesis, Department of Agricultural Economics and Marketing, Rutgers University, April 1979.Google Scholar
U.S. Bureau of the Census. Census of Population, 1970, Vol. A: General, Social and Economic Characteristics.Google Scholar
U.S. Bureau of the Census. Current Population Reports: Population Estimates and Projections. Series P-25, No. 769, January 1979.Google Scholar