Determinants of Illinois farmland prices

This study examines the determinants of Illinois farmland prices. Hedonic models are utilized to represent and analyze the defining characteristics of Illinois farmland. Models are applied to Illinois Department of Revenue farmland transfer data from 1979 to 2010. Particular attention is given to farmland prices from 2000 to 2010. Results show that urban influence was an exceptionally important determinant of county-level farmland prices during the early 2000s. Soil productivity was also a major driver of farmland price variation. Parcel-level regressions confirm these insights. This study’s findings agree with anecdotal and empirical evidence from the Illinois farmland market in recent years.

Name thesis:degree_name

M.S.

Level thesis:degree_level

Thesis

Discipline thesis:degree_discipline

Agricultural & Applied Econ

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2013

Author dc:creator

• Hanson, Erik

Contributors dc:contributor

• Sherrick, Bruce J.

• Farmland prices
• farmland values
• Illinois farmland
• hedonic model

Statement dc:rights

• Copyright 2013 Erik Hanson

Language dc:language

en

Handle dc:identifier

http://hdl.handle.net/2142/45361

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/45361