An Economic Analysis of Changes in Exclusive Farm Use Regulations for Homesteads in Oregon PDF Download
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Author: Li Chen
Publisher:
ISBN:
Category : Farms
Languages : en
Pages : 274
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Book Description
Criticisms to the new regulations created in 1994 governing dwellings in Exclusive Farmland Use zones (zones where agricultural activities are allowed outright) have triggered an overall scrutiny directed by the 70th Oregon Legislative Assembly. The objective of this study was to examine the influence of the new regulations on the value of farmland in the Willamette Valley with existing homesteads. A hedonic price analysis of farmland sales in Yamhill County, which is located in the western portion of the Willamette Valley, was performed to reveal the influence of the new regulations. Estimation includes a test of functional form, examination of multicollinearity problem, a test of heteroscedasticity, and a test for the significance of structural difference between farmland markets with and without existing homesteads. Value of Yamhill County farmland with existing homesteads was shown to have been influenced by the new regulations. Specifically, during the transition years (1994-1997) when people didn't feel much pressure from the control over new dwelling construction, significant value increase due to the new regulations was not displayed. However, in 1998 when the implementation of the new regulations became less ambiguous, higher demand for farmland with existing homesteads has resulted in significant increase of the market price. The price increase dropped in 1999, though, probably because of the tighter control over replacement dwellings in Exclusive Farm Use zones.
Author: Li Chen
Publisher:
ISBN:
Category : Farms
Languages : en
Pages : 274
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Book Description
Criticisms to the new regulations created in 1994 governing dwellings in Exclusive Farmland Use zones (zones where agricultural activities are allowed outright) have triggered an overall scrutiny directed by the 70th Oregon Legislative Assembly. The objective of this study was to examine the influence of the new regulations on the value of farmland in the Willamette Valley with existing homesteads. A hedonic price analysis of farmland sales in Yamhill County, which is located in the western portion of the Willamette Valley, was performed to reveal the influence of the new regulations. Estimation includes a test of functional form, examination of multicollinearity problem, a test of heteroscedasticity, and a test for the significance of structural difference between farmland markets with and without existing homesteads. Value of Yamhill County farmland with existing homesteads was shown to have been influenced by the new regulations. Specifically, during the transition years (1994-1997) when people didn't feel much pressure from the control over new dwelling construction, significant value increase due to the new regulations was not displayed. However, in 1998 when the implementation of the new regulations became less ambiguous, higher demand for farmland with existing homesteads has resulted in significant increase of the market price. The price increase dropped in 1999, though, probably because of the tighter control over replacement dwellings in Exclusive Farm Use zones.
Author: G. J. Knaap
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
This book examines the effects of Oregon's comprehensive Land Use Act of 1973 on economic activity, housing, agriculture, and land values. The authors document statewide planning and land use politics through the late 1980s as the state responded to changing social and economic circumstances that affected the implementation of its planning goals.
Author: Rosalyn Proffitt Shirack
Publisher:
ISBN:
Category : Land use, Rural
Languages : en
Pages : 320
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Book Description
The impact of Oregon's Special Use Assessment (SUA) program was analyzed in relation to farmland values in six regions. Data for the study were obtained from the Oregon Landownership Survey. Data were based on 1975 assessment and ownership characteristics. Farmland value per acre, including improvements, was believed to be influenced by the following factors: special use assessment, gross farm income, population growth rate, income of owner, occupation of owner, distance to the nearest urban area, size of tract, and improvements value. Ordinary least squares was used to test the impact of these factors on farmland value per acre. Tax savings, if any, resulting from SUA were expected to be capitalized into higher farmland values. Study results indicate that SUA did increase farmland values in four of the six regions. In the Coastal region, SUA on unzoned farmland increased values by $932 per acre. In the Valley region, SUA on exclusive farm use (EFU) zoned and unzoned farmland increased values by $977 and $1721 per acre, respectively. SUA increased unzoned farmland values by $1226 per acre in the Southwestern region but had no significant impact on zoned farmland. The value of zoned and unzoned farmland in the Northcentral region was increased by $453 and $865 per acre, respectively. SUA did not have a significant impact on zoned or unzoned farmland values in the Southcentral or Eastern regions. Therefore, it is assumed SUA does not provide tax relief in these regions. This result may be due to the large agricultural tax base in these regions. A large portion of the tax base is reduced by SUA, which necessitates an increase in the tax rate to maintain the same level of county revenues. Therefore, little if any tax relief is realized by the participating farmland owners. The restrictive effect of EFU zoning was expected to offset tax benefits resulting from SUA. As indicated above, there was a difference in the impact of SUA on EFU zoned as compared to unzoned land in the Valley, Southwestern, and Northcentral regions. The impact on zoned land was consistently smaller than on unzoned land in all regions (except the Southcentral where both were not significant). Most of the other variables in the model had the expected signs. Those that did not were not significantly different from zero (except for the distance variable in the Valley region which was explained after closer analysis). Tax savings and the resulting increases in farmland values represent a redistribution of income from nonparticipants to participants in the SUA program. In order to determine who was benefiting from SUA, participants were compared to nonparticipants on a number of ownership characteristics. Participants and nonparticipants did not differ on all characteristics in all regions. However, where there were differences, participants were more likely to be residents, farmers, own land further from urban areas, not have plans to sell their land, own larger acreages, and be in higher income and net worth classes compared to nonparticipants. The tax saving resulting from SUA may be sufficient to prevent a farmer from being forced out of farming. However, the program is not designed to prevent farmland conversion if the owner desires to change use. A circuit-breaker tax program for farmers and EFU zoning merit closer attention as possible alternatives of providing tax relief and farmland preservation.
Author: Benner Richard P.
Publisher:
ISBN:
Category : Agricultural conservation
Languages : en
Pages : 82
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Author: Bruce Sorte
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 23
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Author: William Kenneth Jaeger
Publisher:
ISBN:
Category : Land use
Languages : en
Pages : 87
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Book Description
"This study examines the ways in which land-use regulations in general and Oregon's land-use planning system in particular may affect property values. The study is focused on Oregon, but it is framed within the broader context of research in economics. Our analysis of Oregon land value data finds no evidence of a generalized reduction in value caused by Oregon's land-use regulations, a result that is consistent with economic theory and with other research in the economics field. Economists recognize three potential effects of land-use regulations on land values: restriction effects, amenity effects, and scarcity effects. The first effect likely will be negative for restricted properties, but in many cases amenity and/or scarcity effects have a positive and potentially offsetting effect. As a result, and despite the widespread belief that most land-use regulations have negative effects on property values, the opposite may be true in many cases. We collected data on samples of parcels indicating the levels and trends of land values in parts of Oregon over the past 40 years--beginning before Oregon's land-use planning system was in place. By comparing land value patterns for regulated lands with those for unregulated lands, and by comparing patterns in Oregon with patterns for similar areas in Washington State (where land-use planning has only recently been enforced), we scrutinized the ways in which Oregon's land-use planning system has affected property values. The analysis was based on land value data for a sample of parcels in five counties, three in Oregon (Lane, Jackson, and Baker) and two in Washington (Lewis and Kittitas). The data are for intervals between the mid-1960s or early 1970s (before the implementation of Oregon's land-use planning system) until the early 2000s. The results of this analysis indicate that: [1] Land values (adjusted for inflation) have generally risen since the introduction of Oregon's land-use planning system in 1973, both for rural lands zoned for farm and forest use and for developable lands both inside and outside of urban growth boundaries (UGBs). [2] Since 1973, when Oregon's land-use planning system was adopted, the rate of change in land values in Oregon has been about the same as for similar lands in Washington. [3] The data indicate that over the past 40 years, lands with the most stringent development limits (e.g., those with exclusive farm or forest use zoning) have increased in value at about the same rate as lands without such restrictions. [4] The value of lands outside the Eugene urban growth boundary in Lane County, Oregon grew slightly faster than properties inside the UGB. [5] Finally, there is no evidence of slower rates of increase overall for the Oregon lands studied compared to lands in the Washington counties studied. The data presented here do not, therefore, support the belief that Oregon's land-use system has systematically reduced the value of restricted properties. The results are consistent, however, with the design of Oregon's land-use planning system and with economic principles. Oregon's land-use planning system is not intended to limit the amount of development that occurs, but rather it is intended to influence the location of development in ways that are consistent with various land-use planning goals. Among those goals is an interest in concentrating the location of development within urban growth boundaries rather than allowing dispersed and fragmented developments. Sprawl or scattered development can raise costs for public services and infrastructure and produce adverse effects when incompatible land uses (e.g., farming and residential) are mixed. In addition, our analysis finds that government programs such as Oregon's special tax assessments for farmlands are likely to be "capitalized" into land prices, raising them by as much as 14 percent on average. These findings are consistent with results from other economic studies. Studies from many other parts of the country, and some within Oregon, have found evidence of positive, negative, and neutral effects from land-use regulations, reflecting the fact that there are often substantial positive amenity and scarcity effects that can offset some or all of the negative restriction effects associated with land-use regulations."--Exec. Sum.
Author: George Balfour Davis
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 244
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Author: Oregon State College. School of Agriculture
Publisher:
ISBN:
Category :
Languages : en
Pages : 200
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Author: George A. Van Otten
Publisher:
ISBN:
Category : Farm layout
Languages : en
Pages : 348
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The spatial organization of farm units in Polk and Linn counties in the mid-Willamette Valley has undergone significant change over the past 30 years. Whereas most study areas operations in the 1930's and 1940's consisted of small family owned farms with contiguous land bases, present mid-Willamette Valley units vary considerably in spatial organization, tenure patterns, and size. The purposes of this research are to determine the magnitude of farm size changes in the study area over the past 30 year; determine the spatial organization strategies underlying operator's choices of particular means of farm size changes; determine the means of farm size changes; assess the effects of farm size changes on the characteristics of agricultural land use in the study area; and determine the spatial characteristics of farm size changes. Approximately ten percent of the farmers in the study area (280) were interviewed concerning the spatial organization and evolution of their operations. Eight farms were selected for indepth case studies. The results of the farmer interviews were statistically treated by the Statistical Package for the Social Sciences program at Oregon State University. The results of farmer interviews indicate that full time commercial operators have steadily increased their land bases over the past 30 years. Interview data also reveal a large increase in the numbers of small part-time units and rural residences in the post World War II era. Renting and leasing of farm land is common in the study area, and as commercial farm operators continue to seek to enlarge the areal extent of their land, the competition for rental or lease land is increasing. There is also strong demand for suitable farm land by prospective buyers. Farmers have enlarged their land bases primarily because they believe they must if they are to achieve satisfactory economies of scale. The study suggests that this is the dominant effect. The need to enlarge the spatial component of their operations has forced many commercial farmers to purchase, rent, or lease land that is not joined to their headquarters. In some cases they must move equipment up to 25 miles to work their scattered parcels. Such farmers are well aware of the liabilities associated with farming non-contiguous land bases, but accept these problems in order to enlarge. The trends in agricultural land use in the study area are toward larger commercial units on the one hand and toward small part-time farm/rural residences on the other. The full-time commercial operators generally make effective use of their land base whereas, the part-time farmers are usually less concerned with maintaining optimal land use. The increasing numbers of rural residences and the increasing population of the study area lead to the conclusion that the mid-Willamette Valley is becoming an urbanized area with attending suburban sprawl, rural residences, small acreages, hobby or part-time farms, and relatively few large commercial farm units.
Author: Robert Obeal Coppedge
Publisher:
ISBN:
Category :
Languages : en
Pages : 165
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