The speculative effect of urban proximity on farmland prices

Key Points

• Farmland prices increase as proximity to urban areas grows, reflecting market trends related to urban expansion and demand.
• A significant correlation was identified, with farmland value rising 20% within a 10-mile radius of urban centers.
• This observational analysis examines economic factors affecting land valuation across various counties in the region.
• Understanding this link may help guide land use decisions and infrastructure development in rapidly urbanizing areas.