Skip to Main Content
Influence of purchaser perceptions and intentions on price for forest land parcels: a hedonic pricing approachAuthor(s): Stephanie A. Snyder; Michael A. Kilgore; Rachel Hudson; Jacob Donnay
Source: Journal of Forest Economics. 14: 47-72.
Publication Series: Scientific Journal (JRNL)
Station: Northern Research Station
PDF: View PDF (370.57 KB)
DescriptionA hedonic model was developed to analyze the market for undeveloped forest land in Minnesota. Variables describing in situ conditions, locational characteristics, buyer perceptions and intentions, and transactional terms were tested for their influence on sale price. The independent variables explained 67% of the per hectare sale price variation. Water frontage, road access and density, absentee ownership, future intentions, and financing arrangements had large, positive influences on price. Lack of a real-estate agent and agricultural land in the vicinity of the parcel had negative influences. A parcel's merchantable timber volume was not a significant predictor of price.
- Check the Northern Research Station web site to request a printed copy of this publication.
- Our on-line publications are scanned and captured using Adobe Acrobat.
- During the capture process some typographical errors may occur.
CitationSnyder, Stephanie A.; Kilgore, Michael A.; Hudson, Rachel; Donnay, Jacob 2008. Influence of purchaser perceptions and intentions on price for forest land parcels: a hedonic pricing approach. Journal of Forest Economics. 14: 47-72.
Keywordsforest land prices, forest markets, hedonic analysis, forest finance, price function
- Determinants of forest land prices in northern Minnesota: a hedonic pricing approach
- Estimating the economic value of cultural ecosystem services in an urbanizing area using hedonic pricing
- A Bid Price Equation For Timber Sales on the Ouachita and Ozark National Forests
XML: View XML