Urban Farm DB
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Database research record2011·United States

The Influence of Urban Areas on Farmland Values

Todd H. Kuethe, Jennifer Ifft, Mitch Morehart

Choices Magazine (Agricultural & Applied Economics Association)

Urban Farm DB summary

Using USDA/NASS survey data from 1999–2010, this article examines how urban proximity affects U.S. cropland values. Cropland in urban-influenced areas commanded an average premium of $1,820 per acre over rural areas, though its annual growth rate (1.5%) lagged rural cropland (4.8%). Values in urban-influenced areas peaked at $4,400 per acre at the end of 2007.

Extracted facts

3 facts

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  • 1,820 usd_per_acre↑ Increase

    price premium per acre(cropland urban premium)

    EconomicsControl: rural cropland
    region
    United States
    year
    1999-2010
  • 1.5 %↓ Decrease

    annual value growth rate(cropland value growth)

    EconomicsControl: rural cropland annual growth rate of 4.8%
    region
    United States
    year
    1999-2010
  • 4,400 usd_per_acre

    peak value per acre(cropland urban premium)

    Economics
    region
    United States
    year
    2007

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