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Estimating the Cost of Preserving Private Lands in Florida: An Hedonic Analysis

Published online by Cambridge University Press:  28 April 2005

Sherry L. Larkin ,
Janaki R. Alavalapati  and
Ram K. Shrestha
Sherry L. Larkin
Affiliation:
Department of Food and Resource Economics
Janaki R. Alavalapati
Affiliation:
School of Forest Resources and Conservation at the University of Florida, Gainesville, FL
Ram K. Shrestha
Affiliation:
Centers for Disease Control and Prevention, Atlanta, GA
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Abstract

Florida's open-space land-acquisition program is one of most aggressive in the country, with $3.7 billion paid for 3.8 million acres since 1972. Using data from the Conservation and Recreational Lands (CARL) program, hedonic analyses found that acquiring private lands with valuable natural resources, habitat for rare species, and important historical sites for public preservation is more costly. Development potential and pressure also increased acquisition costs. The presence of additional endangered natural elements and needing to contract with additional landowners, however, were found to decrease the cost. Results provide a basis for landowners and land-acquisition agencies to negotiate.

Keywords

development pressureFlorida Foreverhedonic pricesimplicit land valuesland conversionPreservation 2000Q24
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 37 , Issue 1 , April 2005 , pp. 115 - 130
Copyright
Copyright © Southern Agricultural Economics Association 2005

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