ABSTRACT
Economists have been tireless in their attempts to ascertain the relative strengths of the various attributes that give land its value. Landowners and potential owners are perennially interested in the value of land as an asset and as a factor that provides a flow of productive services. The original farmer-owner usually makes a minimum investment to develop the land for agricultural purposes. Certainly situations of this kind arise in the market for agricultural land parcels. A land-market problem arises in cases in which either environmental or amenity motives exist for purchasing agricultural land. A final problem in ascertaining value is the existence of speculation in the market for agricultural land. The most formidable problem regards the lack of specific knowledge of the market for individual land parcels. The market is where the various forces work themselves out. The work on determinants will continue and perhaps yield additional insights as the current data set is exploited.
