RT Journal Article SR Electronic T1 Agricultural Land and the Small Parcel Size Premium Puzzle JF Land Economics JO Land Econ FD University of Wisconsin Press SP 572 OP 585 DO 10.3368/le.91.3.572 VO 91 IS 3 A1 B. Wade Brorsen A1 Damona Doye A1 Kalyn B. Neal YR 2015 UL http://le.uwpress.org/content/91/3/572.abstract AB Per acre prices of agricultural land increase as parcel sizes decrease. The puzzle is why all agricultural land is not sold in small parcels. Small parcels tend to be close to residential areas and close to quality roads. The small parcel premium lessens as parcels are more distant from urban areas. This suggests that much of the small parcel premium is due to parcels being purchased based on nonagricultural use values. Thus, an explanation of the small parcel premium puzzle is that land with low nonagricultural use values may not have a small parcel premium. (JEL Q15, R14)