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Effect of working forest conservation easements on surrounding property values

Publication ,  Journal Article
Reeves, T; Mei, B; Siry, J; Bettinger, P; Ferreira, S
Published in: Forest Policy and Economics
September 1, 2020

The hedonic pricing method was applied to examine the effect of working forest conservation easements (WFCEs) on the value of surrounding land parcels in state of Georgia. Data were collected on attributes of WFCEs in 62 counties and 46,580 property sales occurring from 2001 to 2018. Results suggested that one size did not fill all and that the type of property (agricultural, commercial or residential) near a WFCE played a large role in determining potential price effects of land cover types and other attributes. Additionally, an increase in the age of the nearest WFCE had a negative price effect on surrounding properties. This research could be used in strategic management decisions to maximize both conservation and economic outcomes.

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Published In

Forest Policy and Economics

DOI

ISSN

1389-9341

Publication Date

September 1, 2020

Volume

118

Related Subject Headings

  • Forestry
  • 1605 Policy and Administration
  • 1402 Applied Economics
  • 0705 Forestry Sciences
 

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Reeves, T., Mei, B., Siry, J., Bettinger, P., & Ferreira, S. (2020). Effect of working forest conservation easements on surrounding property values. Forest Policy and Economics, 118. https://doi.org/10.1016/j.forpol.2020.102241
Reeves, T., B. Mei, J. Siry, P. Bettinger, and S. Ferreira. “Effect of working forest conservation easements on surrounding property values.” Forest Policy and Economics 118 (September 1, 2020). https://doi.org/10.1016/j.forpol.2020.102241.
Reeves T, Mei B, Siry J, Bettinger P, Ferreira S. Effect of working forest conservation easements on surrounding property values. Forest Policy and Economics. 2020 Sep 1;118.
Reeves, T., et al. “Effect of working forest conservation easements on surrounding property values.” Forest Policy and Economics, vol. 118, Sept. 2020. Scopus, doi:10.1016/j.forpol.2020.102241.
Reeves T, Mei B, Siry J, Bettinger P, Ferreira S. Effect of working forest conservation easements on surrounding property values. Forest Policy and Economics. 2020 Sep 1;118.
Journal cover image

Published In

Forest Policy and Economics

DOI

ISSN

1389-9341

Publication Date

September 1, 2020

Volume

118

Related Subject Headings

  • Forestry
  • 1605 Policy and Administration
  • 1402 Applied Economics
  • 0705 Forestry Sciences