Title

Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values

Campus Units

Economics, Center for Agricultural and Rural Development

Document Type

Article

Publication Version

Submitted Manuscript

Publication Date

11-2005

Volume

81

Issue

4

First Page or Article ID Number

530

Last Page

545

Abstract

We estimated a hedonic model to explain variations in residential sales price with standard house attributes, such as number of bed- rooms and square feet of living space, as well as the effects of distance and density of livestock feeding operations. We find that livestock operations have an overall statistically significant effect on property values. Predicted negative effects are largest for properties that are downwind and close to livestock operations. In addition, feeding operations that are moderate in size have more impact than do large- scale operations, most likely reflecting age, type, and management practices of the moderate-sized operatio

JEL Classification

Q12, Q15, R21

Comments

This working paper was published as Herriges, Joseph A., Silvia Secchi and Bruce A. Babcock, "Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values," Land Economics 81 (2005): 530–545.