3 research outputs found

    Fragmentation of Agricultural Land Parcels

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    This study seeks to take fragmentation research in a new direction by looking at exurban sprawl and fragmentation of ownership. The primary objective of this study is to identify the location and magnitude of fragmentation of agricultural land parcels sold in Oklahoma. This was accomplished by estimating two different models. The first model regressed a polynomial in time to determine whether or not fragmentation has been increasing over time. While it was hypothesized that parcel size was decreasing, this was not found to be the case. Over the 40 years of data, parcel size was found to only have decreased by one acre. The purpose of the second model was to verify whether or not a location premium exists for small parcels. It was found that a location premium does exist for smaller parcels with parcels in urban counties more likely to receive a premium than those located in more rural counties.fragmentation, land values, parcel size, Production Economics,

    Agricultural Land and the Small Parcel Size Premium Paradox

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    The focus of this study is a greater understanding of the small parcel size premium in agricultural land. While this is a mostly new research direction, to the extent that land ownership is related to land use, the research is related to policy concerns about fragmentation of land use. Price per acre is inversely related to parcel size but all agricultural land is not sold in smaller parcels. One concern is whether parcel size has been increasing over time. If parcel size is increasing over time then parcels may become small enough that agricultural production is no longer a viable land use option. Additionally, where do small parcels occur? The hypothesis tested is that small parcels are more common around urban areas and that a small parcel premium can be found in or near urban areas. A semi-parametric regression is used to estimate the relationship between price per acre and parcel size. One hypothesis tested is that parcel size decreases as urban proximity increases. Also tested is whether or not parcel size is negatively correlated with proximity to an urban area.Department of Agricultural Economic

    Fragmentation of Agricultural Land Parcels

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    This study seeks to take fragmentation research in a new direction by looking at exurban sprawl and fragmentation of ownership. The primary objective of this study is to identify the location and magnitude of fragmentation of agricultural land parcels sold in Oklahoma. This was accomplished by estimating two different models. The first model regressed a polynomial in time to determine whether or not fragmentation has been increasing over time. While it was hypothesized that parcel size was decreasing, this was not found to be the case. Over the 40 years of data, parcel size was found to only have decreased by one acre. The purpose of the second model was to verify whether or not a location premium exists for small parcels. It was found that a location premium does exist for smaller parcels with parcels in urban counties more likely to receive a premium than those located in more rural counties
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