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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.
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    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.

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    Bibliographic Info

    Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

    Volume (Year): 36 (2004)
    Issue (Month): 03 (December)
    Pages:

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    Handle: RePEc:ags:joaaec:43475

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    Related research

    Keywords: hedonic model; hunting lease; land attributes; silvopasture; Q23; Q24; Q26; Q51; Q57;

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    1. Pope, C. Arden, III & Stoll, John R., 1985. "The Market Value Of Ingress Rights For White-Tailed Deer Hunting In Texas," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 17(01), July.
    2. Lansford, Notie H., Jr. & Jones, Lonnie L., 1995. "Marginal Price Of Lake Recreation And Aesthetics: An Hedonic Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(01), July.
    3. John Faux & Gregory M. Perry, 1999. "Estimating Irrigation Water Value Using Hedonic Price Analysis: A Case Study in Malheur County, Oregon," Land Economics, University of Wisconsin Press, vol. 75(3), pages 440-452.
    4. P. Joan Poor & Kevin J. Boyle & Laura O. Taylor & Roy Bouchard, 2001. "Objective versus Subjective Measures of Water Clarity in Hedonic Property Value Models," Land Economics, University of Wisconsin Press, vol. 77(4), pages 482-493.
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