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A Study to Determine the Practicability of Relating Grazing Fees on the National Forests to the Market Value of Livestock

Author

Listed:
  • Hill, R. R.
  • Forest Service

Abstract

Various means of relating grazing fees to the market value of livestock have been investigated and the following conclusions reached: 1. No usable means of determining directly the value of forage in terms of livestock market prices has been devised. 2. The best and most direct index of the value of forage on National Forests is the price which stockmen pay for forage on comparable privately-owned lands. 3. Forage values as thus indicated are adequately expressed in range appraisal data used as the basis of grazing fees now in effect. 4. Rental values of private land tend to reflect price levels received for the commodities produced on the lands, but to a less marked extent and with a tendency to lag behind the changes in livestock prices. 5. By correlating the grazing fees as determined from the forage values on leased private lands with the average prices received for livestock over a representative period of years, a basis is provided for determining a working relationship between current grazing fees and current livestock prices.

Suggested Citation

  • Hill, R. R. & Forest Service, 1933. "A Study to Determine the Practicability of Relating Grazing Fees on the National Forests to the Market Value of Livestock," USDA Miscellaneous 401176, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:401176
    DOI: 10.22004/ag.econ.401176
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