Nicholas Institute for Environmental Policy Solutions
Publisher
Concentrated animal feeding operations, particularly hog and poultry farms, have expanded rapidly in North Carolina in recent decades. The air pollution and water contamination they generate cause many environmental and health problems for local communities. Using the universe of farm characteristic and housing transaction data in North Carolina, the authors recover hedonic estimates of property value impacts from exposure to these industrial livestock operations. Results show large and significant negative impacts on nearby home values, particularly when those properties are dependent on private wells.