Green acres: A study on the determinants of cropland values in Mississippi
Item TypeGraduate Thesis
CommitteeParman, Bryon J.
Coble, Keith H.
Using parcel level and sub-parcel level data, we analyze Mississippi cropland sales from 2015-2017 and consider how cropland values are affected by their respective characteristics. Such a study has not been conducted in the state of Mississippi. The dataset used is sourced from a private bank in Mississippi and contains information on the unique attributes and amenities of each land parcel sold. Information garnered from the dataset also allows for analysis of the public SSURGO soil characteristics of each land parcel. A hedonic model and spatial error model is used to analyze the impact that the attributes and amenities of each land parcel have on their respective value. It is concluded that physical improvements, soil characteristics, and regional characteristics have a significant impact on the value of cropland.