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Type: Journal Article
Author(s): C. Lawley; C. Towe
Publication Date: April 2014

Perpetual conservation easements permanently remove the option to convert existing habitat to more intensive agricultural production. If existing habitat is at threat of conversion, removing the option to convert will reduce land values. In this article, we estimate the land value discount resulting from perpetual habitat conservation easements by using propensity score matching. We find that on the average eased parcel, land values fall by approximately $86 per acre for every acre of eased habitat. On average, our results suggest that landowners have been adequately compensated and conservation agencies have successfully secured habitat at risk of conversion. © The Authors (2014). Published by Oxford University Press on behalf of the Agricultural and Applied Economics Association. All rights reserved.

Citation: Lawley, C., and C. Towe. 2014. Capitalized costs of habitat conservation easements. American Journal of Agricultural Economics, v. 96, no. 3, p. 657-672. 10.1093/ajae/aau012.

Cataloging Information

Topics:
Regions:
Alaska    California    Eastern    Great Basin    Hawaii    Northern Rockies    Northwest    Rocky Mountain    Southern    Southwest    National
Keywords:
  • additionality
  • conservation easements
  • conservation easements
  • habitat conversion
  • land management
  • land use
  • land use
  • land values
  • prairie pothole habitat
  • prairies
  • propensity score
  • wetlands
  • wetlands
Tall Timbers Record Number: 30277Location Status: Not in fileCall Number: AvailableAbstract Status: Okay, Fair use, Reproduced by permission
Record Last Modified:
Record Maintained By: FRAMES Staff (https://www.frames.gov/contact)
FRAMES Record Number: 52997

This bibliographic record was either created or modified by Tall Timbers and is provided without charge to promote research and education in Fire Ecology. The E.V. Komarek Fire Ecology Database is the intellectual property of Tall Timbers.