Agricultural Land and the Small Parcel Size Premium Puzzle

References

1. 1. Agricultural Economics Extension, Ohio State University

   . 2012. Oklahoma Agricultural Land Values. Stillwater, OK: Agricultural Economics Extension. Available at www.agecon.okstate.edu/oklandvalues.
2. ↵
   1. Austin Okezie Chukwukere,
   2. Ulunma Ahuchuogu Chijindu,
   3. Sulaiman Jamalludin

   . 2012. “Exploring the Link between Land Fragmentation and Agricultural Productivity.” International Journal of Agriculture and Forestry 2 (1): 30–34.

   OpenUrl
3. ↵
   1. Bohanon Cecil E.,
   2. Coelho Philip R. P.

   1998. “The Costs of Free Land: The Oklahoma Land Rushes.” Journal of Real Estate and Finance Economics 16 (2): 205–21.

   OpenUrl
4. ↵
   1. Brabec Elizabeth,
   2. Smith Chip

   . 2002. “Agricultural Land Fragmentation: The Spatial Effects of Three Land Protection Strategies in the Eastern United States.” Landscape and Urban Planning 58 (2–4): 255–68.

   OpenUrlCrossRefWeb of Science
5. ↵
   1. Bureau of Indian Affairs

   . 1990. Acreages of Indian Land by State. Washington DC: U.S Forest Service. Available at www.fs.fed.us/people/tribal/tribexd.pdf.
6. ↵
   1. Burt Oscar R.

   1986. “Econometric Modeling of the Capitalization Formula for Farmland Prices.” American Journal of Agricultural Economics 68 (1): 10–26.

   OpenUrlCrossRefWeb of Science
7. ↵
   1. Cappozza Dennis R.,
   2. Helsley Robert W.

   1989. “The Fundamentals of Land Prices and Urban Growth.” Journal of Urban Economics 26 (3): 295–306.

   OpenUrlCrossRefWeb of Science
8. ↵
   1. Carrión-Flores Carmen E.,
   2. Alfonso Flores-Lagunes,
   3. Guci Ledia

   . 2009. “Land Use Change: A Spatial Multinomial Choice Analysis.” Paper presented at the AAEA annual meeting, Milwaukee WI, July 26–29.
9. ↵
   1. del Corral J.,
   2. Perez J. A.,
   3. Roibas D.

   2011. “The Impact of Land Fragmentation on Milk Production.” Journal of Dairy Science 94 (1): 517–25.

   OpenUrlPubMed
10. ↵
    1. Federal Highway Administration

    . 2013. FHWA Functional Classification Guidelines. Washington, DC: Federal Highway Administration, Department of Transportation. Available at www.fhwa.dot.gov/planning/processes/statewide/related/functional_classification/fc02.cfm (accessed January 5, 2013).
11. ↵
    1. Greene William H

    . 2012. Econometric Analysis. Upper Saddle River, NJ: Prentice Hall.
12. ↵
    1. Guiling Pam,
    2. Wade Brorsen B.,
    3. Doye Damona

    . 2009. “Effect of Urban Proximity on Agricultural Land Values.” Land Economics 85 (2): 252–64.

    OpenUrlAbstract/FREE Full Text
13. ↵
    1. Hepner George F.

    1985. “Locational Factors and the Urban Fringe Land Market.” Journal of Rural Studies 1 (4): 359–367.

    OpenUrl
14. ↵
    1. Irwin Elena G.,
    2. Bockstael Nancy E.

    2001. “The Problem of Identifying Land Use Spillovers: Measuring the Effects of Open Space on Residential Property Values.” American Journal of Agricultural Economics 83 (3): 698–704.

    OpenUrlCrossRefWeb of Science
15. ↵
    1. Jabarin Amer S.,
    2. Epplin Francis M.

    1994. “Impacts of Land Fragmentation on the Cost of Producing Wheat in the Rain-Fed Region of Northern Jordan.” Agricultural Economics 11 (2–3): 191–96.

    OpenUrlCrossRef
16. ↵
    1. Jennings R. J. Jr.,
    2. Kletke D. D.

    1977. “Regression Analysis in Estimating Land Values.” Journal of American Society of Farm Managers and Rural Appraisers 41 (2): 54–61.

    OpenUrl
17. ↵
    1. Kjelland Michael E.,
    2. Krueter Urs P.,
    3. Clendenin George A.,
    4. Wilkins R. N.,
    5. Wu X. B.,
    6. Afanador Edith G.,
    7. Grant William E.

    2007. “Factors Related to Spatial Patterns of Rural Land Fragmentation in Texas.” Environmental Management 40 (2): 231–44.

    OpenUrlPubMed
18. ↵
    1. Koontz Tomas M.

    2001. “Money Talks? But to Whom? Financial versus Nonmonetary Motivations in Land Use Decisions.” Society and Natural Resources 14 (1): 51–65.

    OpenUrl
19. ↵
    1. Lewis David J.,
    2. Plantinga Andrew J.,
    3. Wu JunJie

    . 2009. “Targeting Incentives to Reduce Habitat Fragmentation.” American Journal of Agricultural Economics 91 (4): 1080–96.

    OpenUrlCrossRefWeb of Science
20. ↵
    1. Ma Shan,
    2. Swinton Scott M.

    2012. “Hedonic Valuation of Farmland Using Sale Prices versus Appraised Values.” Land Economics 88 (1): 1–15.

    OpenUrlAbstract/FREE Full Text
21. ↵
    1. Mathias Karangwa

    . 2010. “The Effect of Land Fragmentation on the Productivity and Technical Efficiency of Smallholder Maize Farms in Southern Rwanda.” Master’s thesis, Makerere University, Kampala, Uganda.
22. ↵
    1. McAfee R. Preston,
    2. McMillan John

    . 1987. “Auctions and Bidding.” Journal of Economic Literature 88 (2): 699–738.

    OpenUrl
23. ↵
    1. Miller Crystelle Leigh

    . 2006. “The Price-Size Relationship: Analyzing Fragmentation of Rural Land in Texas.” Master’s thesis, Department of Agricultural Economics, Texas A&M University, College Station.
24. ↵
    1. Morton Walter A.

    1970. “The Investor Capitalization Theory of the Cost of Equity Capital.” Land Economics 46 (3): 248–63.

    OpenUrlCrossRefWeb of Science
25. ↵
    1. National Atlas

    . 2011. Public Land Survey System. Washington DC: United States Department of the Interior. Available at http://nationalatlas.gov/articles/boundaries/a_plss.html.
26. ↵
    1. Newburn David A.,
    2. Berck Peter

    . 2006. “Modeling Suburban and Rural-Residential Development beyond the Urban Fringe.” Land Economics 82 (4): 481–99.

    OpenUrlAbstract/FREE Full Text
27. ↵
    1. Nguyen Tin,
    2. Cheng Enjian,
    3. Findlay Christopher

    . 1996. “Land Fragmentation and Farm Productivity in China in the 1990s.” China Economic Review 7 (2): 169–80.

    OpenUrlCrossRef
28. ↵
    1. Oklahoma Historical Society

    . 2007a. Encyclopedia of Oklahoma History and Culture: Osage. Stillwater: Oklahoma Historical Society. Available at http://digital.library.okstate.edu/encyclopedia/entries/O/OS001.html.
29. ↵
    1. Oklahoma Historical Society

    . 2007b. Encyclopedia of Oklahoma History and Culture: Settlement Patterns. Stillwater: Oklahoma Historical Society. Available at http://digital.library.okstate.edu/encyclopedia/entries/S/SE024.html.
30. ↵
    1. Oklahoma Society of Land Surveyors

    . 2010. Initial Point of Oklahoma. Edmond: Oklahoma Society of Land Surveyors. Available at www.osls.org/displaycommon.cfm?an=1&subarticlenbr=25.
31. ↵
    1. Plantinga Andrew J.,
    2. Lubowski Ruben N.,
    3. Stavins Robert N.

    2002. “The Effects of Potential Land Development on Agricultural Land Prices.” Journal of Urban Economics 52 (3): 561–81.

    OpenUrlCrossRefWeb of Science
32. ↵
    1. Powell James L

    . 1994. “Estimation of Semiparametric Models.” In Handbook of Econometrics, Vol. IV, ed. Engle R. F., McFadden D. L. Amsterdam: Elsevier Science.
33. ↵
    1. SAS Institute

    . 2014. SAS/STAT User’s Guide. Version 9.3. Cary, NC: SAS Institute, Inc.
34. ↵
    1. Sengupta Sanchita,
    2. Osgood Daniel Edward

    . 2003. “The Value of Remoteness: A Hedonic Estimation of Ranchette Prices.” Ecological Economics 44 (1): 91–103.

    OpenUrlCrossRefWeb of Science
35. ↵
    1. Theobald David M

    . 2005. “Landscape Patterns of Exurban Growth in the USA from 1980 to 2020.” Ecology and Society 10 (1): article 32.
36. ↵
    1. Tsoodle Leah J.,
    2. Golden Bill B.,
    3. Featherstone Allen M.

    2006. “Factors Influencing Kansas Agricultural Farm Land Values.” Land Economics 82 (1): 124–39.

    OpenUrlAbstract/FREE Full Text
37. ↵
    1. U.S. Census Bureau

    . 2010. State and Local Areas: Population. Washington, DC: U.S. Census Bureau, Administrative and Customer Service Division, Statistical Compendia Branch. Available at www.census.gov/compendia/databooks/2010/tables/cc_C-01.pdf.
38. ↵
    1. U.S. Department of Agriculture (USDA)

    . 2011. Conservation Programs. Washington, DC: U.S. Department of Agriculture, FSA. Available at www.-fsa.usda.gov/FSA/webapp?area=home&subject=copr&topic=crp.
39. ↵
    1. U.S. Department of Agriculture, Economic Research Service (USDA-ERS)

    . 2004. ERS/USDA Data: Rural-Urban Continuum Codes. Washington, DC: U.S. Department of Agriculture. Available at www.ers.usda.gov/Data/RuralUrbanContinuumCodes/.
40. ↵
    1. U.S. Department of Justice

    . 2009. Home Prices and Commissions over Time. Washington, DC: U.S. Department of Justice, Antitrust Division. Available at www.justice.gov/atr/public/real_estate/save.html.
41. ↵
    1. Weersink Alfons,
    2. Clark Steve,
    3. Turvey Calum G.,
    4. Sarker Rakhal

    . 1999. “The Effect of Agricultural Policy on Farmland Values.” Land Economics 75 (3): 425–39.

    OpenUrlCrossRefWeb of Science
42. ↵
    1. Wilkins Neal,
    2. Hays Amy,
    3. Kubenka Dale,
    4. Steinbach Don,
    5. Grant William,
    6. Gonzalez Edith,
    7. Kjelland Michael,
    8. Shackelford Julie

    2003. Texas Rural Lands: Trends and Conservation Implications for the 21st Century. Final summary report of the Texas A&M Rural Land Fragmentation Project, Texas Cooperative Extension Publication B6134. College Station: Texas A&M Extension Service.