(1) Trade Research Center, Department of Agricultural Economics and Economics, Montana State University–Bozeman, Bozeman, MT, 59717-2920;(2) Department of Agricultural and Resource Economics, Oregon State University, Corvallis, OR, 97331
Abstract:
The Oregon Plan for Salmon and Watersheds encourages residential property owners to plant riparian buffers in an effort to reduce stream temperature and thus improve fish habitat. This study estimates the change in the value of streamside residential properties in response to planting a treed riparian buffer. A hedonic pricing analysis suggests that treed riparian buffers reduce the market value of stream-front residential property in the study area.