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Socio-Economic Determinants of Rural Land Values in Greenbrier County, West Virginia

Published online by Cambridge University Press:  10 May 2017

Dale Colyer
Dale Colyer*
Affiliation:
West Virginia University
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Extract

Land values have tended to increase at a substantially more rapid rate than the general level of prices in recent years. There is a growing body of evidence that this is occurring due, in part, to factors other than agricultural opportunity costs, size of parcel, improvements and other factors historically related to land values (Bishop, Bryant, Pasour). Some other factors influencing rural land values seem to include urbanization, investment or speculation, and increasing wealth or incomes. Additional information on the determinants of land values is needed if these phenomena are to be more completely understood. This paper reports on a study of the relationships of socio-economic characteristic of land owners (buyers and sellers) and rural land values.

Type
Land Use
Information
Journal of the Northeastern Agricultural Economics Council , Volume 7 , Issue 2 , October 1978 , pp. 75 - 77
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

Published with the approval of the Director, W. Va. Agr and For. Exp. Sta. Scientific Paper No. 1564.

References

Bishop, Richard C. “Land Prices, Social Costs, and Land Use Policies,” in Economics of Natural Resource Development in the West. Report No. 4, Western Agricultural Economics Research Council, 1973.Google Scholar
Bryant, William R. The Rural Land Market in Wayne County, New York. AE RES. 74–8, Cornell University, 1974.Google Scholar
Maldonado, Luis. Factors Affecting Rural Land Values in Greenbrier County. Unpublished M.S. Thesis, West Virginia University, 1977Google Scholar
Pasour, E.C. Jr. “Real Property Taxes and Farm Real Estate Values: Incidence and Implication. Am. J. Agr. Econ. 55 (1973): 549–556. Part I.Google Scholar