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 language||English (US)|
|Number of pages||7|
|Journal||Journal of Soil and Water Conservation|
|State||Published - May 1 2004|
- Easement payments
- Land values