The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY
Document Type
Article
Publication Date
2014
Publication Title
Journal of Sustainable Real Estate
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.
Repository Citation
Simons, Robert A.; Seo, Youngme; and Robinson, Spenser, "The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY" (2014). All Maxine Goodman Levin School of Urban Affairs Publications. 0 1 2 3 1267.
https://engagedscholarship.csuohio.edu/urban_facpub/1267
Volume
6
Issue
1
