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Article: Concentrated Animal Feeding Operations and Proximate Property Values.
- Article from:
- Appraisal Journal
- Article date:
- July 1, 2001
- Author:
CopyrightCOPYRIGHT 2001 The Appraisal Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Abstract
Property located near a concentrated animal feeding operation (CAFO) will be negatively impacted by this externality. The degree of impairment depends on proximity and property type and use. Properties with higher unimpaired values are probably impacted more than otherwise lower-valued properties.
Concentrated animal feeding operations (CAFOs) are often called "feedlots." They may include facilities where animals are raised or where animals are brought for slaughter. The common denominator is a large, perpetual inventory and density of animals. [1]
Currently, the USDA and the EPA estimate that livestock in the United States produces ...