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
Keywords	rural land values hedonic model
Date of Defense	2004-10-19
Availability	unrestricted
Abstract 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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