Theses and Dissertations at Montana State University (MSU)
Permanent URI for this collectionhttps://scholarworks.montana.edu/handle/1/733
Browse
9 results
Search Results
Item The effect of organic certification on farmland value(Montana State University - Bozeman, College of Agriculture, 2017) Boldbaatar, Munkhnasan; Chairperson, Graduate Committee: Joseph JanzenThis research considers the relationship between organic certification and farmland values. We employ the ARMS survey data from 2003 to 2011. We construct three models with different organic status classifications. We control for differences in farm type, NASS crop district, urbanization, and year fixed effects. We find that organic certification has a significant (statistically and economically) effect on farmland value. Our model suggests that a 1 percentage point increase in a farm's organic land would result a 0.23 percentage point increase in the farmland rental rate.Item Montana farm leasing and 'current use' valuations of Montana farm estates(Montana State University - Bozeman, College of Agriculture, 1978) Paschke, Theodore DavidItem The effect of increasing farm size on land values(Montana State University - Bozeman, College of Agriculture, 1958) Lawrence, John D.Item Reclassification of agricultural land for assessment purposes in Teton County(Montana State University - Bozeman, College of Agriculture, 1947) Schutz, Willard D.Item Derivation of a basic schedule of values by grade for the non-irrigated tillable farm land classification in Montana(Montana State University - Bozeman, College of Agriculture, 1960) Drew, GeraldItem Correlation of rural land value factors in Montana(Montana State University - Bozeman, College of Agriculture, 1967) Remer, Robert JordanItem Exploring alternative measures of net rents to farmland through the econometric capitalization formula for farmland price(Montana State University - Bozeman, College of Agriculture, 1988) Rachman, ZsiZsi Tiziana; Chairperson, Graduate Committee: Jeffrey T. LaFrance; Oscar Burt (co-chair)Farmland prices began to diverge from farm income trends during the mid-1950's. Traditional capitalization theory is the accepted mechanism with which to value farmland. The central idea to this theory is that land values must derive from net rents to land. The divergence between the time path of farm income and land prices has focused economists' attention on the validity of traditional capitalization theory in explaining farmland prices, and the appropriateness of net farm income as a measure of net returns imputed to farmland. This study explores three alternative measures of returns imputed to farmland. The measures are the United States Department of Agriculture (USDA) accounting data, cash rents, and gross revenue from corn and soybeans production. Each of these measures is fitted to essentially a second order non-stochastic difference equation framework; an economic capitalization formula for farmland price that is developed in a different study and is tested empirically using Illinois crop-share rent data as the measure of net rents to farmland. Problems are encountered concerning two of the three measures explored; data problems for the USDA accounting data measure and a joint dependency problem with farmland prices for the cash rent measure. Encouraging results are encountered when gross revenue from corn and soybeans is explored. The regression results for this measure are similar to the results of the study that uses cropshare rents. An implicit capitalization rate cannot be computed from the estimated land price model. But it appears that the estimated model can be used for conditionally forecasting short to intermediate time periods. Additional research on exploring other alternative measures or methods of imputing a net return to farmland is suggested, but the need for a good set of farm accounts data seems to be more pressing.Item Voting on tax issues in Montana (1986-1994)(Montana State University - Bozeman, College of Agriculture, 1995) Zhu, Jiaping; Chairperson, Graduate Committee: Douglas J. Young.Montana citizens have used the initiative process to bring six taxation issues to the voters in the last nine years. Only two of these (1-105 and HB671) were confirmed by the electorate, all but one commanded substantial support. This study has focused on property taxes as potentially a root cause of voter dissatisfaction, even if it may sometimes be expressed as disapproval for other taxes, fees or spending. The dominant relationship found here is between voting and reappraisals of residential property. Voters in counties where property values rose more quickly were significantly more likely to support all but one of the citizen initiatives, in comparison with voters in counties with lower rates of property appreciation. In sharp contrast and somewhat unexpectedly, there is relatively little evidence that high property tax rates (mill levies) or rapidly increasing mill rates are significantly related to voting on tax issues. One explanation for these findings is that reappraisals are largely outside the control of both citizens and local officials, in contrast to mill levies. Thus, rapid property appreciation results in tax increases which have not been approved through the normal workings of the political process, resulting in citizen frustration and anger.Item Externalities in land use : with consideration of the effect of mobile home parks(Montana State University - Bozeman, College of Agriculture, 1976) Barnard, Charles H. (Charles Howard), 1950-; Chairperson, Graduate Committee: Terry Anderson.In this study of externalities in urban land use, a theory of externalities and property rights is outlined and related to urban land use problems. This theory is developed into a basic strategy for land use planning. In the empirical section, the hypothesized negative external effect of mobile home parks was analyzed using multiple regression. The analysis is based upon the hypothesis that the real estate market will reflect external costs and benefits as variations in property values. Estimated regression parameters showed a positive relationship between property values and distance from a mobile home park. Property values decreased by $3,100 over a range of 4,000 feet as one moved toward a mobile home park, ceteris paribus. Other land quality characteristics shown as significant determinants of property value were mountain view, lot size, and distance from the university, central business district, commercial establishment, industrial zone, and grade school.