All states comprising the United States of America attempt to preserve prime agricultural farmland. An economic critique of the effectiveness of those policies is offered. It first creates a theoretical framework for evaluation. Farmland value has three components: productive use value which is the value of land for agricultural use, consumptive use value which is the value of the site as a single-family homesite to the owner whether the owner farms or not, and speculative use value which is that value over and above the first two for non-farm uses including urban development. Speculative use value and to a lesser extent consumptive use value stimulate urban sprawl. Special taxation, right-to-farm, development right acquisition, and agricultural zoning policies are critiqued using the theoretical framework. A set of policies is offered as having the greatest potential for achieving preferred results.
ASJC Scopus subject areas
- Geography, Planning and Development
- Sociology and Political Science