Montana agricultural land prices : an evaluation of recreational amenities and production characteristics
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Date
2010
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Publisher
Montana State University - Bozeman, College of Agriculture
Abstract
A hedonic price regression model is used to estimate the contributions of amenities to agricultural land values. The model was applied to a sample of agricultural land sales in Montana between 1999 and 2009. Statistically and economically significant effects are estimated for certain amenity variables that pertain to wildlife habitat and location.