THE CONTRIBUTION OF ENVIRONMENTAL AMENITIES TO AGRICULTURAL LAND VALUES: HEDONIC MODELLING USING GEOGRAPHIC INFORMATION SYSTEMS DATA

Abstract

Geographic Information Systems (GIS) data are used in a hedonic model to measure the impact of recreational and scenic amenities on agricultural land values. Results indicate agricultural land values are determined by environmental amenities as well as production attributes. Significant amenity variables included scenic view, elk habitat and fishery productivity.Environmental Economics and Policy, Land Economics/Use,