Minnesota Agricultural Economist 690

Land Economics/Use,

Minnesota Farm Real Estate Sales: 1990-2004

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 separate farm real estate report in the Minnesota Agricultural Economist (now the Minnesota Applied Economist). The site consists largely of graphs and tables summarizing sales over the past fifteen years. It provides averages at the multi-county region and at the statewide levels of aggregation. Individual transaction data are available for downloading and analysis at Minnesota Land Economics (MLE) web site, located at http://www.apec.umn.edu/landeconomics. Electronic versions of this document are presented in fully navigable portable document format (pdf).Land Economics/Use,

PERSPECTIVES ON THE SALE OF HUNTING ACCESS RIGHTS TO PRIVATE LANDS IN MINNESOTA

Land Economics/Use,

RIM AND CRP: TWO MARGINAL CROPLAND RETIREMENT PROGRAMS

Land Economics/Use,

SUSTAINABLE AGRICULTURE: POLICY REFORM IS NOT ENOUGH

Agricultural and Food Policy, Environmental Economics and Policy,

Minnesota Farm Real Estate Sales: 1990-2008

This report is a summary of the data contained on the farmland sales portion of the Minnesota Land Economics (MLE) web site (http://landeconomics.umn.edu ) as of May 20, 2009. It is formally reissued each Spring, as new sales data become available. We no longer distribute a separate farm real estate report in the Minnesota Agricultural Economist (now the Minnesota Applied Economist: http://www.apec.umn.edu/MnApEc). The present document consists largely of graphs and tables summarizing sales over the past eighteen years. It provides averages at the multi-county region and at the statewide levels of aggregation. Individual transaction data are available for downloading and analysis at the MLE web site. An electronic version of the current report in fully navigable portable document format (pdf) is also available: http://landeconomics.umn.edu/mle/readings/Minnesota_Farm_Real_Estate_Sales .pdf.Land Economics/Use,

COMMUNITY-WIDE FINANCIAL IMPACTS OF PREFERENTIAL ASSESSMENTS FOR FARMLAND PROPERTIES

I estimate the magnitude and the geographic distribution of property tax impacts of the Twin Cities Metropolitan Area's two farmland protection programs. The total 2001 net tax reduction for participating landowners was $12.5 million, ranging from$0.2 million in Ramsey County to $3.2 million in Washington County. These "tax breaks" were necessarily matched by tax increases for all property owners, both participants and non-participants, but the pattern of these "tax shifts" does not match the pattern of tax breaks. Residents in the periphery of the metropolitan area pay more (on a per tax dollar basis) than do residents closer to the core-just the reverse of the pattern of tax breaks. Preferential tax schemes such as these are often touted as "free," because their municipal budget implications are obscured by the complexities of the property tax system. But the full financial effects are very real indeed. Somebody has to pay.Land Economics/Use,

Minnesota Agricultural Economist 699

Land Economics/Use,

Minnesota Agricultural Economist No. 703

Land Economics/Use,

WHAT IS A WETLAND WORTH? CONCEPTS AND ISSUES IN ECONOMIC VALUATION

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 are not generally reflected in market prices, a deficiency that can nonetheless addressed by competent economic analysis, using a variety of empirical techniques. The task is complicated by scientific information shortfalls, by ever-changing technologies and economies, and by evolving societal preferences--but it can be done. Economic valuations have been used in wetland priority rankings and in comparative investment analyses.Land Economics/Use,