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The Capitalization of Wildlife Recreation Income into Farmland Values

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  • Henderson, Jason R.
  • Moore, Sean

Abstract

Wildlife recreation - hunting, fishing, and wildlife watching - appears to be an increasingly important pastime for many Americans. From 1991-2001, U.S. wildlife recreation expenditures surged from $77 billion to $108 billion in 2001 dollars. Land lease and ownership expenditures by wildlife recreation participants are also rising and appear to be capitalized into farmland values. This paper analyzes the impact of hunting lease rates on farmland values in Texas. The results indicate that counties with higher wildlife recreation income streams have higher land values.

Suggested Citation

  • Henderson, Jason R. & Moore, Sean, 2006. "The Capitalization of Wildlife Recreation Income into Farmland Values," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(3), pages 1-14, December.
    • Handle: RePEc:ags:joaaec:43784
    DOI: 10.22004/ag.econ.43784
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    Cited by:

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    2. Wendong Zhang & Cynthia J. Nickerson, 2015. "Housing Market Bust and Farmland Values: Identifying the Changing Influence of Proximity to Urban Centers," Land Economics, University of Wisconsin Press, vol. 91(4), pages 605-626.
    3. Anwar Hussain & Ian A. Munn & Jerry Brashier & W. Daryl Jones & James E. Henderson, 2013. "Capitalization of Hunting Lease Income into Northern Mississippi Forestland Values," Land Economics, University of Wisconsin Press, vol. 89(1), pages 137-153.
    4. Reed, L.L. & Kleynhans, Theo E., 2009. "Agricultural land purchases for alternative uses – evidence from two farming areas in the Western Cape province, South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 48(3), pages 1-20, September.
    5. Friederike Lehn & Enno Bahrs, 2018. "Land-Use Competition or Compatibility between Nature Conservation and Agriculture? The Impact of Protected Areas on German Standard Farmland Values," Sustainability, MDPI, vol. 10(4), pages 1-20, April.
    6. Carole Ropars-Collet & Philippe Le Goffe, 2009. "Modèle bioéconomique appliqué à la gestion du sanglier, dégâts agricoles et prix des chasses en forêt domaniale," Post-Print hal-00730019, HAL.
    7. Kuethe, Todd & Ifft, Jennifer & Borchers, Alison, 2014. "Linking the Price of Agricultural Land to Use Values and Amenities," farmdoc daily, University of Illinois at Urbana-Champaign, Department of Agricultural and Consumer Economics, vol. 4, pages 1-2, October.
    8. Ropars-Collet, Carole & Le Goffe, Philippe, 2009. "La gestion du sanglier : modèle bioéconomique, dégâts agricoles et prix des chasses en forêt domaniale," Working Papers 210982, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    9. Temesgen, Chalachew & Dupraz, Pierre, 2014. "The role of farmers’ competition on farmland price in local markets: Bretagne region of France," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170610, Agricultural and Applied Economics Association.
    10. Henderson, Jason R. & Gloy, Brent A., 2008. "The Impact of Ethanol Plants on Land Values in the Great Plains," 2007 Agricultural and Rural Finance Markets in Transition, October 4-5, 2007, St. Louis, Missouri 48148, Regional Research Committee NC-1014: Agricultural and Rural Finance Markets in Transition.
    11. James R. Wasson & Donald M. McLeod & Christopher T. Bastian & Benjamin S. Rashford, 2013. "The Effects of Environmental Amenities on Agricultural Land Values," Land Economics, University of Wisconsin Press, vol. 89(3), pages 466-478.
    12. Brent A. Gloy & Jason Henderson, 2008. "The impact of ethanol plants on cropland values in the Great Plains," Regional Research Working Paper RRWP 08-01, Federal Reserve Bank of Kansas City.

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