Determination and forecast of agricultural land prices

Nova Economia

Bastiaan Philip Reydon¹  Ludwig Einstein Agurto Plata¹  Gerd Sparovek¹  Rafael Guilherme Burstein Goldszmidt¹  Tiago Santos Telles¹ 

关键词: land market;    hedonic prices;    multiple regression analysis;    land policy;    mercado de terras;    preços hedônicos;    análise de regressão múltipla;    política fundiária;   

DOI  :  10.1590/0103-6351/1304

来源: SciELO

【 摘 要 】

The aim of this study is to discuss and apply hedonic methodology for the determination and forecast of land prices in specific markets. This is important due to the fact that there is no official or reliable information in Brazil on current prices in land market transactions. This hedonic price methodology uses a multiple regression model which has, as an explanatory variable, the price per hectare and independent variables related to physical attributes (soil, climate and terrain), production (systems of production, location, access), infrastructure of the property and expectations (regional scenario, local investments). Application of the methodology to a Homogeneous Zone of the state of Maranhão, in Brazil, generated a parsimonious model, in which five independent variables were responsible for 70% of the variance in the price of agricultural land.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License