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Evaluating the benefits from transport infrastructure in agriculture: a hedonic analysis of farmland prices

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Created 30/05/2018

Updated 13/11/2024

JSON RDF ISO19115-3 XML

Article released in the Australian Journal of Agricultural and Resources Economics January 2018. Cite as: Sheng, Y, Jackson, T and Lawson, K ,2018, Evaluating the benefits from transport infrastructure in agriculture: a hedonic analysis of farmland prices. Australian Journal of Agricultural and Resource Economics. doi:10.1111/1467-8489.12243

Access to transport infrastructure generates a range of benefits to the agriculture sector; many of which are difficult to measure directly. In this study, we use hedonic regression analysis of farm-level data to examine the contribution of transport infrastructure to the value of farmland traded between 2009 and 2011 through its impact on farm productivity.

We show that a one per cent of reduction in the cost of transportation between farms and ports leads to a 0.33 per cent increase in land prices, and there is no significant difference between rail and road transportation at the aggregate level. Moreover, the benefits generated by particular types of infrastructure services vary between industries and with farm size, suggesting there are multiple channels through which public infrastructure influences agricultural production. Our findings help to inform future investment decisions in Australia and in other countries by providing new evidence regarding the benefits of existing transport infrastructure.

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Title Evaluating the benefits from transport infrastructure in agriculture: a hedonic analysis of farmland prices
Language English
Licence Creative Commons Attribution 4.0 International
Landing Page https://devweb.dga.links.com.au/data/dataset/55e23cab-b73b-49cf-8970-bcaf15c95252
Contact Point
Australian Bureau of Agriculture and Resource Economics and Sciences
dataman@agriculture.gov.au
Reference Period 15/01/2018
Geospatial Coverage Australia
Data Portal data.gov.au