Hog Operations, Environmental Effects, and Residential Property Values

Raymond B. Palmquist · Fritz Roka · Tomislav Vukina

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Housing Market and Economics Agricultural economics and policies Agricultural Economics and Policy

Abstract

A hedonic study of rural residential house sales in southeastern North Carolina was conducted to determine the effect of large-scale hog operations on surrounding property values. An index of hog manure production at different distances from the houses was developed. It was found that proximity caused a statistically significant reduction in house prices of up to 9 percent depending on the number of hogs and their distance from the house. The effect on the price of a house from opening a new operation depended on the number of hogs already in the area.

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References

2010The Measurement of Environmental and Resource Values 1989A Hedonic Study of the Effects of Erosion Control and Drainage on Farmland Values

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2005The impact of oil and natural gas facilities on rural residential property values: a spatial hedonic analysis 2006Community Health and Socioeconomic Issues Surrounding Concentrated Animal Feeding Operations 2005Impact of Agriculture on Rural Tourism: A Hedonic Pricing Approach 2010A Comparison of Three Methods of Estimation in the Context of Spatial Modeling 2000Hedonic Pricing of Agriculture and Forestry Externalities 2009What Have We Learned from Over 20 Years of Farmland Amenity Valuation Research in North America?2005Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values 2008DAMS, DAM REMOVAL, AND RIVER RESTORATION: A HEDONIC PROPERTY VALUE ANALYSIS

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