Estimating the effect of a land parcel index using hedonic price analysis

The purpose of this study was to statistically test the effect a parcel index - consisting combination soil index, fertility and location intended be used as price-determining indicator for sale agricultural land at farmland markets. In hedonic price model, coefficients variables representing population, gross return irrigation investment status were positive significant significance level 0.01. There negative relationship between size price, which implied that selling per decare tends decrease increases. area, prices with large sizes efficiency investments higher. population density in region income from farmlands major factors generated demand land. model establishes an important link farmland. Based on link, index-based pricing can contribute significantly creation market Turkey.