English, Article, Journal or magazine article edition: ECONOMIC IMPACT OF RAILROAD ABANDONMENT: CARRINGTON-TO-TURTLE LAKE RAIL LINE; SUMMARY Joel S. HONEYMAN; Dean A. BANGSUND; F. Larry LEISTRITZ

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/143278
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • ECONOMIC IMPACT OF RAILROAD ABANDONMENT: CARRINGTON-TO-TURTLE LAKE RAIL LINE; SUMMARY
Author
  • Joel S. HONEYMAN
  • Dean A. BANGSUND
  • F. Larry LEISTRITZ
Physical Description
  • preprint
Notes
  • The Carrington-to-Turtle Lake rail line serves five agricultural shippers in a four county area in central North Dakota. Service on the line has been affected by recent embargoes, floods, and poor, deteriorating track conditions. The line is a strong candidate for abandonment as efforts to rehabilitate the line have lacked financial support. Prior to this study, a benefit/​cost study, which compares benefits and costs of a rail line reconstruction, was performed for the rail line in an attempt to secure financial assistance for rehabilitation. Railroad abandonment impacts rural communities and local economies in a variety of ways. Businesses that use rail for transportation usually experience a change in their shipping options. Instead of sending and/​or receiving materials and supplies by rail, those items must be moved by truck. The severity of the change is often a function of the amount of material shipped and distance hauled. Rail abandonment affects property values. In the absence of tax rate changes, reduced property values translate directly into lower property tax revenues for local governments. Rural areas, especially in North Dakota, often do not have adequate road and highway infrastructure to absorb movements of grain and agricultural inputs exclusively by truck. The transference of rail movements to truck traffic accelerates the deterioration of local roads and highways. Abandonment of the Carrington-to-Turtle Lake rail line was estimated to increase transportation costs for shippers on the line by $329,000 annually. A majority of the increase in transportation costs would be incurred by farmers in the form of reduced commodity prices. The North Dakota Input- Output Model estimated that the $329,000 in direct impacts would generate an additional $682,000 in secondary impacts. Total economic losses for the regional economy were estimated to be $1 million annually. Additional impacts included an annual loss of $17,900 in state-collected tax revenue. Annual net costs (i.e., damages less additional user revenues) to repair and maintain state roads impacted from increased truck traffic were estimated at $297,000 for resurfacing and $868,000 for reconstruction.
  • rail abandonment, economic impact, rural communities
  • RePEc:wop:ndsaem:179s
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment