
\begin{table}[H]
   \caption{Hedonic models when using potatoes and county to identify treatment group}
	\label{REG:ALT_TREAT} 
   \centering
   \begin{tabular}{lcccc}
      \midrule \midrule
      Dependent Variable: & \multicolumn{4}{c}{Price (ln)}\\
	   & \multicolumn{2}{c}{\underline{\textbf{Sbd1. Formation and Pumping}}} & \multicolumn{2}{c}{\underline{\textbf{Only Sbd1. Formation}}}\\ 
                                    & Actual Sbd1. & Placebo & Actual Sbd1. & Placebo\\   
      Model:                        & (1)            & (2)               & (3)            & (4)\\  
      \midrule
      \emph{Variables}\\
      Sbd.1:Post 2006               & -0.5317$^{**}$ & -0.4396           & -0.2767$^{*}$  & -0.2843$^{*}$\\   
                                    & (0.2362)       & (0.2661)          & (0.1446)       & (0.1490)\\   
      Sbd.1:Post 2011               & 0.4343         & 0.2833            &                &   \\   
                                    & (0.2608)       & (0.2864)          &                &   \\   
      Crop Area (ln)                & 0.9239$^{***}$ & 0.9282$^{***}$    & 0.9292$^{***}$ & 0.9320$^{***}$\\   
                                    & (0.0490)       & (0.0495)          & (0.0481)       & (0.0491)\\   
      Distance from Ditch (ln)      & -0.0604$^{*}$  & -0.0588           & -0.0575        & -0.0606\\   
                                    & (0.0348)       & (0.0372)          & (0.0353)       & (0.0370)\\   
      Well Pumping Rights (ln)      & 0.0066         & 0.0031            & 0.0056         & 0.0028\\   
                                    & (0.0076)       & (0.0083)          & (0.0075)       & (0.0081)\\   
      Sbd1:Well Pumping Rights (ln) & 0.0350$^{*}$   & 0.0381$^{*}$      & 0.0338         & 0.0370$^{*}$\\   
                                    & (0.0203)       & (0.0192)          & (0.0205)       & (0.0191)\\   
      \% Potatoes                   & 0.6712$^{***}$ & 0.7234$^{***}$    & 0.6927$^{***}$ & 0.7535$^{***}$\\   
                                    & (0.1708)       & (0.1618)          & (0.1662)       & (0.1698)\\   
      \% Small Grains               & 0.4364$^{***}$ & 0.4628$^{***}$    & 0.4540$^{***}$ & 0.4788$^{***}$\\   
                                    & (0.1330)       & (0.1160)          & (0.1297)       & (0.1149)\\   
      \% Alfalfa                    & 0.1881         & 0.1879$^{*}$      & 0.1811         & 0.1834$^{*}$\\   
                                    & (0.1148)       & (0.1119)          & (0.1125)       & (0.1092)\\   
      Value of Buildings (ln)       & 0.0014         & 0.0019            & 0.0014         & 0.0018\\   
                                    & (0.0024)       & (0.0024)          & (0.0024)       & (0.0024)\\   
      \midrule
      \emph{Fixed-effects}\\
      Ditch                         & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      Subdistricts 1-6              & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      Year                          & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      County                        & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      Sbd.1                         & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      No Reported Acreage           & $\checkmark$   & $\checkmark$      & $\checkmark$   & $\checkmark$\\   
      \midrule
      \emph{Fit statistics}\\
      Observations                  & 463            & 463               & 463            & 463\\  
      R$^2$                         & 0.75014        & 0.74734           & 0.74625        & 0.74584\\  
      Within R$^2$                  & 0.55027        & 0.53201           & 0.54327        & 0.52923\\  
      \midrule \midrule
      \multicolumn{5}{l}{\emph{Clustered (Arbitrary Spatial Region \& Year) standard errors in parentheses}}\\
      \multicolumn{5}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
   \end{tabular}
   
   \par \raggedright 
 \footnotesize  Models two and four identify a parcel as in Sbd1. if potatoes were grown after 1998, and if it is in Rio Grande, Saguache, or Alamosa County.\\
   \emph{Post 2006/2011} are one on or after the indicated year. For example, both Post 2006 and Post 2011 are one in the year 2011.
\end{table}


