Agricultural Land and the Small Parcel Size Premium Puzzle
研究发现农业用地每英亩价格随地块面积减小而上升，但并非所有土地都按小地块出售；小地块溢价主要源于非农业用途价值，远离城市的地块溢价较小。
Per acre prices of agricultural land increase as parcel sizes decrease. The puzzle is why all agricultural land is not sold in small parcels. Small parcels tend to be close to residential areas and close to quality roads. The small parcel premium lessens as parcels are more distant from urban areas. This suggests that much of the small parcel premium is due to parcels being purchased based on nonagricultural use values. Thus, an explanation of the small parcel premium puzzle is that land with low nonagricultural use values may not have a small parcel premium. <i></i>