Calculating wetland easement payments using alternative land value data: A case study of the U.S. Fish and Wildlife Service Small Wetland Acquisition Program in the Prairie Pothole Region

S. D. Shultz, S. J. Taff

Research output: Contribution to journalArticle

Abstract

Estimates of average values for land surrounding wetland easements were higher when published county-level land value data was used in place of comparable sales-based appraisals - by 11% in North Dakota and South Dakota, and by 22% in Minnesota. The differences were smallest for tracts dominated by cropland rather than pastureland in North Dakota but the reverse was true in South Dakota. Using county land value data as a basis for easement payment offers would have increased overall expenditures for the Fish and Wildlife Service Small Wetland Acquisition Program by 9% in North Dakota, 11% in South Dakota, and 22% in Minnesota. These increases would have been at least partially offset by associated reductions in the cost of conducting site-specific appraisals.

Original languageEnglish (US)
Pages (from-to)103-109
Number of pages7
JournalJournal of Soil and Water Conservation
Volume59
Issue number3
Publication statusPublished - May 1 2004

    Fingerprint

Keywords

  • Easement payments
  • Land values
  • Wetlands

ASJC Scopus subject areas

  • Agronomy and Crop Science
  • Water Science and Technology
  • Soil Science
  • Nature and Landscape Conservation

Cite this