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Effect of Ranchland Attributes on Recreational Hunting in Florida: A Hedonic Price Analysis

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  • Shrestha, Ram K.
  • Alavalapati, Janaki R.R.

Abstract

Recreational hunting has been an attractive enterprise for some ranchers who are interested in supplementing their income from cattle. Ranchland attributes-such as parcel size, tree cover, and proximity to urban centers-are expected to influence hunters’ preferences and, thus, hunting lease payments. We estimated the effects of these attributes on hunting revenues using a hedonic model. The results reveal that trees and vegetation cover on ranchlands have a positive impact on hunting revenues, indicating opportunities for silvopasture practices. Those ranchers in Florida who maintain about 22% trees and other vegetation cover receive $16.15 acre per year from hunting leases, but doubling the cover would generate only an additional $3.20 per acre per year.

Suggested Citation

  • Shrestha, Ram K. & Alavalapati, Janaki R.R., 2004. "Effect of Ranchland Attributes on Recreational Hunting in Florida: A Hedonic Price Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(3), pages 1-10, December.
    • Handle: RePEc:ags:joaaec:43475
    DOI: 10.22004/ag.econ.43475
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    References listed on IDEAS

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    Cited by:

    1. Mingie, James C. & Poudyal, Neelam C. & Bowker, J.M. & Mengak, Michael T. & Siry, Jacek P., 2017. "Big game hunter preferences for hunting club attributes: A choice experiment," Forest Policy and Economics, Elsevier, vol. 78(C), pages 98-106.
    2. Martínez-Jauregui, María & Herruzo, A. Casimiro & Campos, Pablo & Soliño, Mario, 2016. "Shedding light on the self-consumption value of recreational hunting in European Mediterranean forests," Forest Policy and Economics, Elsevier, vol. 69(C), pages 83-89.
    3. Lundhede, Thomas Hedemark & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2015. "A hedonic analysis of the complex hunting experience," Journal of Forest Economics, Elsevier, vol. 21(2), pages 51-66.
    4. Ian A. Munn & Anwar Hussain, 2010. "Factors Determining Differences in Local Hunting Lease Rates: Insights from Blinder-Oaxaca Decomposition," Land Economics, University of Wisconsin Press, vol. 86(1), pages 66-78.
    5. Yuxi Guo & Elizabeth H. Boughton & Stephanie Bohlman & Carl Bernacchi & Patrick J. Bohlen & Raoul Boughton & Evan DeLucia & John E. Fauth & Nuria Gomez-Casanovas & David G. Jenkins & Gene Lollis & Rya, 2023. "Grassland intensification effects cascade to alter multifunctionality of wetlands within metaecosystems," Nature Communications, Nature, vol. 14(1), pages 1-15, December.
    6. Keefe O. Keeley & Kevin J. Wolz & Kaitie I. Adams & Jeannine H. Richards & Erin Hannum & Severine von Tscharner Fleming & Stephen J. Ventura, 2019. "Multi-Party Agroforestry: Emergent Approaches to Trees and Tenure on Farms in the Midwest USA," Sustainability, MDPI, vol. 11(8), pages 1-22, April.
    7. Lozano, Julian E. & Elofsson, Katarina & Surry, Yves, 2021. "Heterogeneous impacts of large carnivores on hunting lease prices," Land Use Policy, Elsevier, vol. 101(C).
    8. Mashour, Terri & Alavalapati, Janaki & Matta, Rao & Larkin, Sherry & Carter, Doug, 2005. "A hedonic analysis of the effect of natural attributes and deed restrictions on the value of conservation easements," Forest Policy and Economics, Elsevier, vol. 7(5), pages 771-781, August.

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