Farmland values and agricultural growth: The case of Chile

This study analyzes the relationships between farmland values and factors associated with the growth in Chilean agriculture, and identifies agricultural land value’s determinants by estimating a log-linear hedonic price function. The results indicate that a parcel’s market value varies according to...

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Main Authors: Guillermo Donoso, José Cancino, William Foster
Format: Article
Language:English
Published: Universitat Politècnica de València 2014-01-01
Series:Economía Agraria y Recursos Naturales
Subjects:
Online Access:https://polipapers.upv.es/index.php/EARN/article/view/4893
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author Guillermo Donoso
José Cancino
William Foster
author_facet Guillermo Donoso
José Cancino
William Foster
author_sort Guillermo Donoso
collection DOAJ
description This study analyzes the relationships between farmland values and factors associated with the growth in Chilean agriculture, and identifies agricultural land value’s determinants by estimating a log-linear hedonic price function. The results indicate that a parcel’s market value varies according to its suitability and productivity for different crops, its location and transport costs, its potential for residential use, and other factors that determine expectations of future income streams. Farms with soil aptitude for fruits, high-valued export-oriented crops that have led Chile’s agricultural boom, have higher values than those with forestry soil aptitude.
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id doaj-art-db4d17092370424db1f8e4f1afc72eb7
institution OA Journals
issn 1578-0732
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language English
publishDate 2014-01-01
publisher Universitat Politècnica de València
record_format Article
series Economía Agraria y Recursos Naturales
spelling doaj-art-db4d17092370424db1f8e4f1afc72eb72025-08-20T02:38:56ZengUniversitat Politècnica de ValènciaEconomía Agraria y Recursos Naturales1578-07322174-73502014-01-01132335210.7201/earn.2013.02.023115Farmland values and agricultural growth: The case of ChileGuillermo Donoso0José Cancino1William Foster2Pontificia Universidad Católica de ChileUniversidad Tecnológica de Chile, INACAPPontificia Universidad Católica de ChileThis study analyzes the relationships between farmland values and factors associated with the growth in Chilean agriculture, and identifies agricultural land value’s determinants by estimating a log-linear hedonic price function. The results indicate that a parcel’s market value varies according to its suitability and productivity for different crops, its location and transport costs, its potential for residential use, and other factors that determine expectations of future income streams. Farms with soil aptitude for fruits, high-valued export-oriented crops that have led Chile’s agricultural boom, have higher values than those with forestry soil aptitude.https://polipapers.upv.es/index.php/EARN/article/view/4893agricultural land valueschilehedonic models
spellingShingle Guillermo Donoso
José Cancino
William Foster
Farmland values and agricultural growth: The case of Chile
Economía Agraria y Recursos Naturales
agricultural land values
chile
hedonic models
title Farmland values and agricultural growth: The case of Chile
title_full Farmland values and agricultural growth: The case of Chile
title_fullStr Farmland values and agricultural growth: The case of Chile
title_full_unstemmed Farmland values and agricultural growth: The case of Chile
title_short Farmland values and agricultural growth: The case of Chile
title_sort farmland values and agricultural growth the case of chile
topic agricultural land values
chile
hedonic models
url https://polipapers.upv.es/index.php/EARN/article/view/4893
work_keys_str_mv AT guillermodonoso farmlandvaluesandagriculturalgrowththecaseofchile
AT josecancino farmlandvaluesandagriculturalgrowththecaseofchile
AT williamfoster farmlandvaluesandagriculturalgrowththecaseofchile