RT Journal Article
SR Electronic
T1 Flooding and the Value of Agricultural Land
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 59
OP 79
DO 10.3368/le.97.1.061019-0075R1
VO 97
IS 1
A1 Hodge, Timothy R.
YR 2021
UL http://le.uwpress.org/content/97/1/59.abstract
AB This article examines the effect of flooding on agricultural land prices in the Fargo-Moorhead area in two ways: (1) hydraulic modeling data and sales data are used to estimate the effects of flooding and flood severity; and (2) the data are combined with 100-year floodplain information to examine how effects vary across flood-risk categories. Results indicate inundation negatively affects all property; however, effects differ based on floodplain status. Property outside floodplains is affected by coverage, while property within floodplains is affected by depth. All effects are temporary, as they disappear within two years after a flood event.