Spatial Variation in Agricultural Land Prices Across Municipalities in Bukidnon
Authors
Department of Agricultural Economics, College of Agriculture/ Central Mindanao University (Philippines)
Department of Agricultural Economics, College of Agriculture/ Central Mindanao University (Philippines)
Article Information
DOI: 10.47772/IJRISS.2026.100601240
Subject Category: Economics
Volume/Issue: 10/6 | Page No: 18019-18023
Publication Timeline
Submitted: 2026-06-25
Accepted: 2026-06-30
Published: 2026-07-16
Abstract
This study examined the spatial variation in agricultural land prices across the 20 municipalities and 2 component cities of Bukidnon, Philippines. Using data from 220 farmers and landowners selected through stratified random sampling, the research documented prevailing land prices and identified geographic patterns influencing valuation. Results show that agricultural land prices vary widely, with farmer-reported values ranging from ₱100,000 to ₱6,000,000 per hectare, with a provincial mean of ₱1,088,326. Higher prices were observed in municipalities with strong commercial activity, better road access, irrigation, and proximity to markets, while remote areas reported lower valuations. Land transactions were rare, reflecting strong land retention behavior and the cultural importance of land as a livelihood asset. Secure tenure, particularly titled lands, was associated with higher perceived value. Overall, the findings highlight the role of physical, locational, and institutional factors in shaping farmland prices and provide insights for land valuation and local development planning.
Keywords
Agricultural land prices, Bukidnon, land valuation, spatial variation
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References
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