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.
| Identifer | oai:union.ndltd.org:LSU/oai:etd.lsu.edu:etd-10222004-135928 |
| Date | 25 October 2004 |
| Creators | McLaren, Rebecca Summers |
| Contributors | Lonnie Vandeveer, Mike Salassi, Steven A. Henning |
| Publisher | LSU |
| Source Sets | Louisiana State University |
| Language | English |
| Detected Language | English |
| Type | text |
| Format | application/pdf |
| Source | http://etd.lsu.edu/docs/available/etd-10222004-135928/ |
| Rights | unrestricted, I hereby certify that, if appropriate, I have obtained and attached herein a written permission statement from the owner(s) of each third party copyrighted matter to be included in my thesis, dissertation, or project report, allowing distribution as specified below. I certify that the version I submitted is the same as that approved by my advisory committee. I hereby grant to LSU or its agents the non-exclusive license to archive and make accessible, under the conditions specified below and in appropriate University policies, my thesis, dissertation, or project report in whole or in part in all forms of media, now or hereafter known. I retain all other ownership rights to the copyright of the thesis, dissertation or project report. I also retain the right to use in future works (such as articles or books) all or part of this thesis, dissertation, or project report. |
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