A Model for Federal Public Land Surface Rights' Management
The U.S. Forest Service and U.S. Bureau of Land Management control larges tracts of Federal public lands mainly in the western United States. Management goals for lands controlled by these agencies are described as "multiple-use." Some of the lands are forested, mountainous, contain wildlife or possess other scenic and recreational attributes and warrant the federal multiple-use designation; however, a significant portion of the land, especially that under BLM control, contains little scenic, recreation or wildlife value, thus offering very little multiple-use potential and non-pecuniary value. Much of the land not warranting multiple-use potential has never been titled to anyone except the Federal Government (never sold nor homesteaded). Inherent in the management of all Federal lands is a defacto fiduciary responsibility to prudently and efficiently manage these assets. We develop a framework that measures present values of both quantitative and qualitative economic benefits and costs of Federal public lands to assist managers and policy makers in determining future management policy. By applying this framework, Federal public land policymakers may be aided in fulfilling their fiduciary responsibilities.
Volume (Year): 31 (2009)
Issue (Month): 2 ()
|Contact details of provider:|| Postal: |
Web page: http://www.aresnet.org/
|Order Information:|| Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323|
Web: http://pages.jh.edu/jrer/about/get.htm Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Brian L. Bentick & Thomas F. Pogue, 1988. "The Impact on Development Timing of Property and Profit Taxation," Land Economics, University of Wisconsin Press, vol. 64(4), pages 317-324.
- Torell, L. Allen & Bailey, Scott A., 2000. "Is The Profit Motive An Important Determinant Of Grazing Land Use And Rancher Motive?," 2000 Annual Meeting, June 29-July 1, 2000, Vancouver, British Columbia 36451, Western Agricultural Economics Association.
- Ronald W. Spahr & Mark A. Sunderman, 1995. "Additional Evidence on the Homogeneity of the Value of Government Grazing Leases and Changing Attributes for Ranch Values," Journal of Real Estate Research, American Real Estate Society, vol. 10(5), pages 601-616.
- Vitaliano, Donald F & Hill, Constance, 1994. "Agricultural Districts and Farmland Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 8(3), pages 213-23, May.
- Mark A. Sunderman & Ronald W. Spahr & John W. Birch & Russell M. Oster, 2000. "Impact of Ranch and Market Factors on an Index of Agricultural Holding Period Returns," Journal of Real Estate Research, American Real Estate Society, vol. 19(2), pages 209-234.
- Ronald W. Spahr & Mark A. Sunderman, 1999. "Valuation of Property Surrounding a Resort Community," Journal of Real Estate Research, American Real Estate Society, vol. 17(2), pages 227-244.
- Ronald W. Spahr & Mark A. Sunderman, 1998. "Property Tax Inequities on Ranch and Farm Properties," Land Economics, University of Wisconsin Press, vol. 74(3), pages 374-389.
When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:31:n:2:2009:p:119-146. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (JRER Graduate Assistant/Webmaster)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.