Current government regulations, industry trends, and studies on the impact of feedlots on surrounding property values.
We've already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.
What Are Animal Feedlots?
"Animal feeding operations (AFOs) are agricultural enterprises where animals are kept and raised in confined situations. AFOs congregate animals, feed, manure and urine, dead animals, and production operations on a small land area. Feed is brought to the animals rather than the animals grazing or otherwise seeking feed in pastures, fields, or on rangeland."
Cattle on Feed (United States Department of Agriculture, April 20, 2018)
Air Quality Issues and Animal Agriculture: A Primer (Congressional Research Service, Dec. 22, 2014) [links to a PDF]
National Agriculture Compliance Assistance Center—Animal Feeding Operations (U.S. EPA, Aug. 2013) Information about environmental requirements specifically relating to the production of livestock in animal feeding operations (AFOs) and concentrated animal feeding operations (CAFOs).
Animal Feeding Operations (U.S. EPA, Feb. 2012) EPA definition of Animal Feeding Operations with links to more resources.
Concentrated Animal Feeding Operations (CAFO)—Final Rule (U.S. EPA, May 28, 2010) Revisions to CAFO regulations in 2003 and 2008 are outlined.
Environmental Impacts of Animal Feeding Operations (U.S. EPA, Jan. 1999)
Effects on Real Estate
Cattle producers express support for proposed Valley Oaks CAFO (Daily Star Journal, April 5, 2018)
Animal Operations and Residential Property Values (The Appraisal Journal, Apr. 15, 2015) [links to a PDF]
The Effect of a Large Hog Barn Operation on Residential Sales Prices in Marshall County, KY, (Josre, Dec. 14, 2014)
Animal Feeding Operations and Residential Value: Summary of Literature (University of Missouri, 2011) A literature review with bibliography of recent studies on the impact of CAFO on surrounding residential and non-residential land prices.
An Analyisis of the Impact of Swine CAFOs on the Value of Nearby Houses (U of Northern Iowa, 2008) Large adverse impacts suffered by houses that are within three miles and directly downwind from a CAFO are found. Beyond three miles, CAFOs have a generally decreasing adverse impact on house prices as distance to the CAFO increases. [opens as a Word Doc]
Animal Feeding Operations and Residential Land Value (University of Missouri Extension, July 2006) Summary of literature on the impact of AFOs on land values. All studies indicated that the impact of AFOs on property value was localized or limited to properties near the AFO. Most studies found a negative impact though a few found either a positive or no impact. [links to a PDF]
Evaluating the Effect of Proximity to Hog Farms on Residential Property Values: A GIS-Based Hedonic Price Model Approach (URISA Journal, 2005) This study finds a negative and significant impact on property value from hog operations. [links to a PDF]
Living with Hogs in Iowa: The Impact of Livestock Facilities on Rural Residential Property Values (Iowa State University, Center for Agricultural and Rural Development, Aug. 2003) This study finds that livestock operations have an overall statistically significant effect on property values. Predicted negative effects are largest for properties that are downwind and close to livestock operations. [links to a PDF]
Concentrated Animal Feeding Operations and Proximate Property Values (The Appraisal Journal, July 2001) 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. E
Measured Effects of Feedlots on Residential Property Values in Minnesota: A Report to the Legislature (University of Minnesota, College of Agricultural, Food, and Environmental Sciences, July 1996) One of the few studies to find a statistically significant positive relationship between feedlots and residential property values. [links to a PDF]
Air Quality Issues and Animal Agriculture: A Primer (Congressional Research Service, Mar. 11, 2014) [links to a PDF]
Animal Feeding Operations—Links to information from outside CDC (Centers for Disease Control and Prevention, Nov. 2009)
Books, eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
Pollution and Property (Kindle, eBook)
Books, Videos, Research Reports & More
The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.
Farm Appraisal Principals: gentlemen, scoundrels, professionals (Austin, TX: Sunbelt Eakin, 2002. HD 1393 Su8F C1
The Appraisal of Rural Property, 2nd ed. (Chicago, IL: The Appraisal Institute, 2000) HD 1393 Am3a C1
Farm and Ranch Marketing (Upper Saddle River, NJ: Prentice Hall, 1998) HD 1393 R72 C1
A compendium: a guide to appraising specific property types (Chicago, IL: Society of Real Estate Appraisers, 1973) HD 1387 So1c
Have an idea for a real estate topic? Send us your suggestions.
The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.