The Impact of Recreational Homes on Agricultural Land Use
研究了非居民购买农业地产后，土地转为低生产力用途的现象，发现纽约州北部因此损失11%的农业面积，占类似县集约农业减少量的七分之一，与税收优惠政策目标相悖。
When nonresidents purchase agricultural properties, the land use decision can make farmland operate below potential, still allowing for tax credits. We empirically investigate how nonresident ownership affects the agricultural land use decisions in upstate New York. A difference-in-difference matching approach shows a causal link between purchases by nonresidents and a loss of 11% of acreage to a lower-productivity use. A generalization shows this conversion counts for one-seventh of the decreased agricultural land in intensive uses in similar counties. Perhaps a simple opportunistic use of the tax-credit criteria, this phenomenon contradicts the policy’s objective and might impose other consequences on rural communities.