# RECORD 977446bbb49b4d764e634547886ae927f75e8e35 # TITLE: Costs of Exposure to Industrial Livestock Operations # YEAR: 2024.0 VENUE: Land Economics DOI: 10.3368/le.101.1.011224-0003 # AUTHORS: Kay Jowers; Yu Ma; Christopher Timmins # PAGES: 37 CANDIDATE TABLE PAGES (1-based): [29] # ABSTRACT: Abstract Concentrated animal feeding operations, particularly hog and poultry farms, have expanded rapidly in North Carolina in recent decades. The air pollution and water contamination they generate cause many environmental and health problems for local communities. Using the universe of farm characteristics and housing transaction data in North Carolina, we recover hedonic estimates of property value impacts from exposure to these industrial livestock operations. Our results show large and significant negative impacts on nearby home values, particularly when those properties depend on private wells. ===== PAGE 1 (score 6, numeric-paren 0, table-words 0, var-words 6) ===== The Costs of Exposure to Industrial Livestock Operations Kay Jowers,† Yu Ma,‡ Christopher Timmins* Abstract Concentrated animal feeding operations, particularly hog and poultry farms, have expanded rapidly in North Carolina in recent decades. The air pollution and water contamination they generate cause many environmental and health problems for local communities. Using the universe of farm characteristic and housing transaction data in North Carolina, we recover hedonic estimates of property value impacts from exposure to these industrial livestock operations. Our results show large and significant negative impacts on nearby home values, particularly when those properties are dependent on private wells. Keywords: Concentrated Animal Feeding Operation; Hedonic Model JEL Codes: Q15, Q51 †kay.jowers@duke.edu: Director for Just Environments, Nicholas Institute for Energy, Environment & Sustainability and Kenan Institute for Ethics, Duke University; ‡yu.ma@duke.edu: Postdoctoral Associate, Nicholas School of Environment, Duke University; *ctimmins@wisc.edu: Gary J. Gorman Affordable Housing Professor, Wisconsin School of Business, 4291 Grainger Hall, 975 University Avenue, Madison, WI 53706 (Corresponding Author). doi:10.3368/le.101.1.011224-0003 by guest on October 20, 2026. Copyright 2024 Downloaded from ===== PAGE 29 (score 67, numeric-paren 45, table-words 2, var-words 10) ===== 29 Table 2: Summary Statistics Private Well Community Water t-test (CWS – PW) Houses Houses Housing and Environmental Attributes Housing Price 147589.8 (75440) 147936.3 (88530) 346.44 (0.39) Square Footage 1713.40 (567.07) 1767.92 (620.47) 54.51*** (8.25) Housing Age 22.91 (21.64) 27.37 (24.50) 4.46*** (17.55) # Bathrooms 2.20 (0.79) 2.27 (0.81) 0.07*** (7.30) # Bedrooms 2.81 (1.10) 2.82 (1.05) 0.01 (0.63) Acres 2.19 (6.77) 1.23 (4.83) -0.96*** (-13.10) Basement Sqft 4.19 (65.83) 6.92 (87.98) 2.73*** (3.37) Landfill 0.24 (0.67) 0.07 (0.42) -0.16*** (-22.98) RSEI 1630.85 (5744) 695.98 (2979) -934.87*** (-15.47) Hogs Exposure 3km 0.35 (0.92) 0.16 (0.61) -0.20*** (-19.92) 4km 0.66 (1.53) 0.32 (1.01) -0.34*** (-20.52) 5km 1.03 (2.27) 0.56 (1.57) -0.47*** (-19.15) Poultry Exposure 3km 0.32 (0.80) 0.20 (0.60) -0.13*** (-14.63) 4km 0.63 (1.26) 0.39 (0.96) -0.24*** (-17.67) 5km 1.03 (1.84) 0.67 (1.40) -0.36*** (-17.87) N 9680 36801 First three columns: mean (std); last column: diff in mean (t-stat), *** p < 0.01, ** p < 0.05, * p < 0.1; landfill: # active landfill sites within 3km; RSEI: block group toxic chemicals; Exposure adjusted by large CAFO: 1 million SSLW, 100,000 total bird count; The summary statistics use same data as 5km hedonic specification, and we only keep houses with any hogs or poultry within 10km. by guest on October 20, 2026. Copyright 2024 Downloaded from ===== PAGE 30 (score 1, numeric-paren 0, table-words 0, var-words 1) ===== 30 Figures Figure 1 East NC CAFO Distribution (Fig 1a) Hog Farms Location (Fig 1b) Poultry Farm Location Figure (a): Distribution of hogs (provided by NC Department of Environmental Quality); Figure (b): Distribution of poultry farms (provided by Environmental Working Group) in eastern NC; The area is decomposed into 1,855 block groups, where the darker areas are those with a higher percentage of people of color. by guest on October 20, 2026. Copyright 2024 Downloaded from