Agricultural land market - do non-agricultural factors outweigh agricultural ones?
The aim of the study presented in this article is to identify existing conflicts of land use and ownership in the 'Landwirtschaftszone', together with the problems arising therefore. This paper discusses determinants of farmland prices in Canton Zurich. A hedonic price model was used to estimate 1) the implicit value of an agricultural use of a land parcel, 2) the implicit value of the option to convert a farm parcel to a non-farm use and 3) the implicit consumptive value (value of owning land) of agricultural land.