Title page for ETD etd-10222004-135928

Type of Document Master's Thesis
Author McLaren, Rebecca Summers
Author's Email Address rmclar1@lsu.edu
URN etd-10222004-135928
Title An Analysis of Marginal Effects of Land Characteristics and Purchase Factors on Rural Land Values in North Louisiana
Degree Master of Science (M.S.)
Department Agricultural Economics & Agribusiness
Advisory Committee
Advisor Name Title
Steven A. Henning Committee Chair
Lonnie Vandeveer Committee Member
Mike Salassi Committee Member
  • rural land values
  • hedonic model
Date of Defense 2004-10-19
Availability unrestricted
Hedonic models estimate the marginal effect of land characteristics and factors that contribute to a purchase decision on rural land values in submarkets of north Louisiana. While size of tract and mix of land use have expected impacts on rural land values, forces that motivate the buyer also affect price. The natural resource endowment of each of the three submarkets in this study differs significantly from one another. Topography has clearly identifiable impacts on crop selection and income in each submarket. Additionally, the relative location of the submarkets to major metropolitan areas is influential on rural land values in one submarket, and in the others the socioeconomic conditions within the submarket are more influential on rural land values. As a result, the factors that contribute most to the value of rural land in each submarket differ. This study successfully demonstrates that these differences are statistically significant in explaining the value of rural land.
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