RT Journal Article
SR Electronic
T1 Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 530
OP 545
DO 10.3368/le.81.4.530
VO 81
IS 4
A1 Herriges, Joseph A.
A1 Secchi, Silvia
A1 Babcock, Bruce A.
YR 2005
UL http://le.uwpress.org/content/81/4/530.abstract
AB We estimated a hedonic model to explain variations in residential sales price with standard house attributes, such as number of bedrooms and square feet of living space, as well as the effects of distance and density of livestock feeding operations. We find that livestock operations have an overall statistically significant effect on property values. Predicted negative effects are largest for properties that are downwind and close to livestock operations. In addition, feeding operations that are moderate in size have more impact than do large-scale operations, most likely reflecting age, type, and management practices of the moderate-sized operations. (JEL Q12, Q15, R21)