alr4 (version 1.0.0)

Rim: Conservation restrictions and farm prices in Minnesota

Description

These data include nearly every farm sale in 6 economic regions in Minnesota from 2002-2011 that either has land enrolled in the federal Conservation Reserve Program, or CRP, or has no retrictions. A few sales with non-crp land easements were excluded. CRP enrollment is for a fixed period during which farmers agree not to grow crops for a fixed payment. This can effect sale price of land since buyers have fewer choices on use of land that could lower values, but also have guaranteed income for a fixed period that could raise values.

Usage

data(Rim)

source

S. J. Taff

Details

Data is collected from Minnesota counties. Some counties do not include the productivity value in sales records, accounting for most of the missing values. The variable tillable is also frequently missing. Rim is an acronym for reinvest in Minnesota.

References

Taff, S. J. and Weisberg, S. (2007). Compensated shrot-term conservation restrictions may reduce sale prices. The Appraisal Journal, 75(1), 45.

Examples

head(Rim)
require(mice)
md.pattern(Rim)