AGRICULTURAL SEDIMENTATION IMPACTS ON LAKESIDE PROPERTY VALUES

A hedonic pricing model is developed to estimate the effects of policies to control agricultural sedimentation on lakeside property values at 15 Ohio state park lakes, Using an LA/AIDS demand system, we estimate changes in social welfare that result from upstream soil conservation practices and/or lake dredging activity, while holding other property characteristics constant. Policy simulation results suggest that lakeside residents generally have a higher willingness to pay on an annualized basis for sediment reduction from upstream soil conservation than for lake dredging. This has important implications for soil conservation policy, particularly in targeting improvements in the economic efficiency of the Conservation Reserve Program.


Issue Date:
1999-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31278
Published in:
Agricultural and Resource Economics Review, Volume 28, Number 2
Page range:
208-218
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-24

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