The On-Farm and Near-Farm Effects of Wind Turbines on Agricultural Land Values
By: Sampson, Gabriel S. ; Perry, Edward D. ; Tayler, Mykel R.
Sampson, Gabriel S. ; Perry, Edward D. ; Tayler, Mykel R., The On-Farm and Near-Farm Effects of Wind Turbines on Agricultural Land Values, Journal of Agricultural and Resource Economics, Volume 45, Issue 3, September 2020, Pages 410-427
We estimate the effects of utility-scale wind turbines on agricultural land values in Kansas using parcel-level transaction data from 2001 to 2017 in a hedonic price model. By matching transaction data and wind turbine data at the common land units scale, we are able to ascertain on-farm effects as well as near-farm effects. Across all our analyses, the preponderance of results suggests that wind turbines do not affect agricultural property values, either on-farm or nearby, in a statistically significant way. Thus, our results cannot confirm that wind turbines will increase land values when installed on a parcel.