The impact of wildlife recreation on farmland values
Wildlife recreation – hunting, fishing, and wildlife watching – appears to be an increasingly important past time for many Americans as people continue to increase their spending on wildlife recreation. Land lease and ownership expenditures by wildlife recreation participants are 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.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Postal: 1 Memorial Drive, Kansas City, MO 64198-0001|
Phone: (816) 881-2254
Web page: http://www.kansascityfed.org/
More information through EDIRC
|Order Information:|| 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.:
- Charles H. Barnard & Gerald Whittaker & David Westenbarger & Mary Ahearn, 1997. "Evidence of Capitalization of Direct Government Payments into U.S. Cropland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1642-1650.
- Richard E. Just & John A. Miranowski, 1993.
"Understanding Farmland Price Changes,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 75(1), pages 156-168.
- Charles B. Moss, 1997. "Returns, Interest Rates, and Inflation: How They Explain Changes in Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1311-1318.
- Miranowski, John & Hammes, B., 1984. "Implicit Prices of Soil Characteristics for Farmland in Iowa," Staff General Research Papers Archive 10706, Iowa State University, Department of Economics.
- Jordan Rappaport, 2003.
"Moving to nice weather,"
Research Working Paper
RWP 03-07, Federal Reserve Bank of Kansas City.
- Jordan Rappaport, 2004. "Moving to Nice Weather," Econometric Society 2004 North American Summer Meetings 188, Econometric Society.
- 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.
- Chavas, Jean-Paul & Shumway, C. Richard, 1982. "A Pooled Time-Series Cross-Section Analysis Of Land Prices," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(01), July.
- Joseph A. Herriges & Jason F. Shogren & Nancy E. Barickman, 1992.
"The Implicit Value of Corn Base Acreage,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 74(1), pages 50-58.
- J. S. Shonkwiler & J. E. Reynolds, 1986. "A Note on the Use of Hedonic Price Models in the Analysis of Land Prices at the Urban Fringe," Land Economics, University of Wisconsin Press, vol. 62(1), pages 58-63.
- Pope, C. Arden & Stoll, John R., 1985. "The Market Value of Ingress Rights for White-Tailed Deer Hunting in Texas," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 17(01), pages 177-182, July.
- McGranahan, David A., 1999. "Natural Amenities Drive Rural Population Change," Agricultural Economics Reports 33955, United States Department of Agriculture, Economic Research Service.
- Bastian, Chris T. & McLeod, Donald M. & Germino, Matthew J. & Reiners, William A. & Blasko, Benedict J., 2002. "Environmental amenities and agricultural land values: a hedonic model using geographic information systems data," Ecological Economics, Elsevier, vol. 40(3), pages 337-349, March.
- Kerry R. Livengood, 1983. "Value of Big Game from Markets for Hunting Leases: The Hedonic Approach," Land Economics, University of Wisconsin Press, vol. 59(3), pages 287-291.
- David L. Chicoine, 1981. "Farmland Values at the Urban Fringe: An Analysis of Sale Prices," Land Economics, University of Wisconsin Press, vol. 57(3), pages 353-362.
- Sherman T. Folland & Robbin R. Hough, 1991. "Nuclear Power Plants and the Value of Agricultural Land," Land Economics, University of Wisconsin Press, vol. 67(1), pages 30-36.
When requesting a correction, please mention this item's handle: RePEc:fip:fedkrw:rwp05-10. 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: (Lu Dayrit)
If references are entirely missing, you can add them using this form.