Skip to Main Content
U.S. Forest Service
Caring for the land and serving people

United States Department of Agriculture

Home > Search > Publication Information

  1. Share via EmailShare on FacebookShare on LinkedInShare on Twitter
    Dislike this pubLike this pub
    Author(s): Stephanie A. Snyder; Michael A. Kilgore; Rachel Hudson; Jacob Donnay
    Date: 2008
    Source: Journal of Forest Economics. 14: 47-72.
    Publication Series: Scientific Journal (JRNL)
    Station: Northern Research Station
    PDF: View PDF  (370.57 KB)

    Description

    A 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.

    Publication Notes

    • 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.
    • Please contact Sharon Hobrla, shobrla@fs.fed.us if you notice any errors which make this publication unusable.
    • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
    • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

    Citation

    Snyder, 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.

    Keywords

    forest land prices, forest markets, hedonic analysis, forest finance, price function

    Related Search


    XML: View XML
Show More
Show Fewer
Jump to Top of Page