Animal feeding operations and housing values : summary of literature
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"The presence or proposed development of an animal feeding operation (AFO) often raises the question of its impact on nearby house values. Determining that impact requires the merging of conventional housing appraisal techniques with advanced econometric studies. This guide summarizes economic studies about the effect of AFOs on housing values. Traditional appraisal techniques look at characteristics of the house. Each bedroom and bathroom increase the house value. Attached garages and central air conditioning also increase value. Increased age and deferred maintenance decrease the value. Comparable nearby properties are used to estimate the impact of each house characteristic. Location is always important. Location is a proxy for the impact of non-housing characteristics on the value of the house. Amenities such as location of nearby parks or quality school systems usually increase housing values. Disamenities such as nearness to noisy highways or pollution sources usually decrease housing values. Economic studies attempt to quantify the impact of these non-housing characteristics. The guide is organized by how different studies describe the AFOs. Proximity to urban areas, distance from AFO to house, AFO size, wind direction and animal species all might impact how an AFO affects housing values."--First page.
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Archive version. For the most recent information see extension.missouri.edu.
OpenAccess.
OpenAccess.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station sites for current information.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station sites for current information.