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Assessing the Relative Importance of Economic and Technical Information in Estimating Agricultural Values of Farmland: A Case Study

Published online by Cambridge University Press:  10 May 2017

Leslie E. Small
Leslie E. Small*
Affiliation:
Department of Agricultural Economics and Marketing, Rutgers University
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Extract

Economists play two rather distinct roles in the area of public policy. These roles might be characterized as analytical and operational. In their analytical role, economists develop models designed to evaluate alternative policy measures which either might be or have been adopted by a public agency. In their operational role, economists help develop the specific techniques and estimates necessary to make a chosen policy operational.

Type
Research Article
Information
Journal of the Northeastern Agricultural Economics Council , Volume 5 , Issue 2 , October 1976 , pp. 78 - 88
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

1. New Jersey. Farmland Assessment Act of 1964, Chapter 48, P.L. 1964.Google Scholar
2. New Jersey. “Report of the State Farmland Evaluation Advisory Committee.” Trenton, New Jersey, Ninth Report, 1972.Google Scholar
3. New Jersey, Division of Taxation, “Fifth Report of Data from FA-1 Forms for 1973 Tax Year.” Trenton, September 1973.Google Scholar
4. Tedrow, J.C.F. “Productive Capacity of New Jersey Soils: A Soils Guide for Use in Connection with the Valuation, Assessment, and Taxation of Land Under the Farmland Assessment Act of 1964”. Rutgers University, New Jersey Agricultural Experiment Station Bulletin No. 811.Google Scholar
5. U.S.D.A. Bureau of Soils. “Soil Survey of Trenton Area, New Jersey.” Washington, D.C., U.S. Government Printing Office, 1926.Google Scholar
6. U.S.D.A. Economic Research Service. “State Programs for the Differential Assessment of Farm and Open Space Land.” Agricultural Economic Report No. 256, 1974.Google Scholar