Animal feeding and processing operations have grown more concentrated, with each facility handling much larger numbers of animals than traditional farms. The larger concentration of animals impacts the quality of surrounding air and water. In addition, the facilities impact the economic conditions of the communities where they are located. All of these factors can potentially affect the value of nearby houses. This article summarizes the current literature on how animal operations may affect the value of residential properties located near such facilities; this information will be useful to practicing appraisers faced with valuing houses in these communities.
Author: John A. Kilpatrick, PhD, MAI
Originally published in the Appraisal Journal, 2015, Winter