The Land Group, LLC - Farmland, Timberland, Recreational & Development Land on the Delmarva Peninsula
  • Our Team
  • Listings
    • Land & Farm Listings
    • Poultry Farm Listings
  • Services
    • Clients & Projects
  • Media Resources
    • News
    • Blog
    • Videos
    • Publications
  • Land Sales Data
The Land Group, LLC - Farmland, Timberland, Recreational & Development Land on the Delmarva Peninsula

The Land Group, LLC - Farmland, Timberland, Recreational & Development Land on the Delmarva Peninsula
Click here to start your land search

Welcome  to SVN Land Group

The Slippery Slope of a Price


Today I was asked about the value of a wetland.  After considering the question, I sat back  and thought about my frame of reference as a land broker as well as the biologist I once claimed to be.  This was an honest unimposing question, as the source was being objective and only wanted to understand why this land formation is a protected resource.

The premise of the question was, “if 30 acres of wooded palustrine wetland was cleared and then filled for a residential housing development, what did we really lose?”  So without emotion or rhetoric, I started to describe watershed dynamics. I began with a “highly technical sketch” of a diagonal line to demonstrate how water moves from the top of a watershed to the bottom.  It took me years of formal education to understand all of this, but I figured I could explain it in 5 minutes, no problem.

Once we got to the coastal plain of the watershed, it became obvious to me that the idea of watershed dynamics is only part of the answer and I did not want to get into a week long discussion about why some ditches are streams and some ditches are ditches.  So, having established the importance of the watershed model to the wetland “sponge” concept, aquifer recharge, as well as a home for a myriad of wetland dependent critters including macro fauna like the good ol’ wood duck, the exchange moved into a different direction.

What if the economist put a value on those thirty acres of wetlands and the developer could simply purchase them as part of the project?  This can in fact be done today through wetland mitigation laws and trading credits in some states.  As I considered my answer, I reminded myself of a paper I read in college by Dr. David Ehrenfeld.  Dr. Ehrenfeld is one of the most recognized sources of conservation biology in the world, and I felt it would be best to bring some real value to this discussion so that those readers of mine whom wish to consider the topic further might read more about it from a true expert in the field.

What Dr. Ehrenfeld discusses is the slippery slope of valuing a wetland for economic outputs.  That is essentially what mitigation laws and banking have accomplished, and it creates a dilemma for us as we think about balancing economic development with conservation of our natural resources.  Once we have defined the value of wetland to our economic or aesthetic utility as a society, when demand for additional land in that area reaches the price to “cover” the value of the wetland, it can be purchased and changed. This system will require it to be replaced by either a natural wetland via preserving it somewhere else or through wetland building restoration. Arguably it could be better or worse, but we can all agree it will be different.

This discussion was a distinct departure from our normal cropland price per acre and soil type analysis that dominates our daily chatter.  I recognize that I did not answer the question, but for hard questions like this there is no easy sound bite. I am on the user side of land use issues; I believe strongly in common sense planning and policies that protect our resources, and I understand and recognize the value that clean water and clean air provides each of us.  I admit at the end of the day, I don’t know if the economist or the biologist is right. I struggle with the value of nature for moral reasons, but some of the most wonderful moments of my life have typically involved a setting in a natural environment like a salt marsh, or a tidal pool watching horse shoe crabs with my kids. The economic value of that is too difficult to count.

← Previous Post | Next Post →

logo
Subscribe For Updates & New Listings!

126 E Main St.
Salisbury, MD 21801
Call Us Today:
410.934.3478 (DIRT)
Copyright © 2023 The Land Group, LLC. | All rights reserved.
Website Design by D3, Ocean City, Maryland.

The Slippery Slope of a Price

  • This field is for validation purposes and should be left unchanged.

NAVIGATING LAND ACQUISITION

BUYING DIRT BEGINS WITH UNDERSTANDING YOUR GOALS FOR THE LAND.  HERE ARE A FEW BASIC QUESTIONS.

First, what is your intended use of the land? Is hunting a priority, farming, or is it a place to build your dream getaway?

Second, is this an investment requiring annualized return or long-term financial planning?

Third, what is the geography of where you want to find this land? This is perhaps the most important factor…

Fourth, are you considering using a local bank or the regional farm credit system to assist you in the acquisition?

Fifth, do you have a handle on land values? Local list services and land websites do little to assist you in understanding basic dirt value absent of improvements. The Land Group specializes in understanding this marketplace. Join LANDLINK on TheLandGroup.com to learn how we can provide you recent sales data, free of charge, throughout your land search.

An experienced land broker will assist you in addressing these questions and more, as you enter the land market.

I want to start my Land Acquisition Process!

Free Land Evaluation

  • This field is for validation purposes and should be left unchanged.

Top