PT  - JOURNAL ARTICLE
AU  - Benoît A. Delbecq
AU  - Todd H. Kuethe
AU  - Allison M. Borchers
TI  - Identifying the Extent of the Urban Fringe and Its Impact on Agricultural Land Values
AID  - 10.3368/le.90.4.587
DP  - 2014 Nov 01
TA  - Land Economics
PG  - 587--600
VI  - 90
IP  - 4
4099  - http://le.uwpress.org/content/90/4/587.short
4100  - http://le.uwpress.org/content/90/4/587.full
SO  - Land Econ2014 Nov 01; 90
AB  - This study presents an empirical model of the impacts of agricultural and urban returns on farmland value. The model allows the marginal impacts of parcel characteristics to vary nonlinearly over space with an endogenous smooth transition between urban fringe and rural areas. The estimation examines 10,317 parcel-level farmland transactions across the state of Illinois over the period January 2001–December 2009. The results suggest that marginal impacts of both agricultural and urban returns differ between urban fringe and rural areas. (JEL Q15, R14)