Abstract

In this paper, we examine the economic impact of a tightly clustered complex of hog barns, a type of concentrated animal feeding operation (CAFO) on residential property in a rural area near Benton, Kentucky. The operation creates noxious and offensive odors associated with swine-raising and waste disposal activities. Theory and practice indicate that buyers would avoid purchasing a property believed to be contaminated or subject to effects of unsustainable environmental disamenities. Using hedonic regression analysis, the results show price reductions of 23%–32% for residential properties sold within 1.25 miles of the facility, and much larger losses northeast (downwind) of the facility.

Details

Title
The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY
Author
Simons, Robert A; Seo, Youngme; Robinson, Spenser
Section
PART 1 – Property Values and Environmental Factors Papers
Publication year
2014
Publication date
2014
Publisher
Taylor & Francis Ltd.
ISSN
19498276
e-ISSN
19498284
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2305946947
Copyright
© 2014. This work is published under https://creativecommons.org/licenses/by/3.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.