The Effect of Farmland Preservation Programs on Farmland Prices

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Valuation of ecosystem services from rural landscapes using agricultural land prices (2011, background): “…farmland preservation programs is not included in the study because a suitable measure was the not available and because the predominant preservation program is voluntary easements,3 which have been found to have little influence on land prices (Nickerson and Lynch, 2001; Vitaliano and Hill, 1994).”
Applying Geographical Information Systems (GIS) to Environmental and Resource Economics (2002, methodology): “Nickerson and Lynch (2001) used the Arc-Info GIS package to link 224 individual parcels of farmland sold in three Maryland counties between 1994 and 1997 with data on soil, land-use, and distance to facilities.”
Trends in U.S. Farmland Values and Ownership (2012, background): “However, several studies have found little evidence that such development restrictions signifi cantly lowered preserved farmland prices (Nickerson and Lynch, 2001; Lynch et al., 2007; Anderson and Weinhold, 2008).”
Capitalization of Open Spaces into Housing Values and the Residential Property Tax Revenue Impacts of Agricultural Easement Programs (2003, unknown): “Previous research (Nickerson and Lynch, 2001) has shown there is little statistical evidence that the easement restrictions imposed by agricultural land preservationprograms are capital ized into the price ofthe specific agricultural parcel.”