Why Grazing Permits Have Economic Value
Grazing permit value supposedly arises as a cost advantage for permit holders. Yet, ranches are overpriced relative to income earning potential. Hedonic models for New Mexico and the Great Basin were used to evaluate permit value. We found less than 16% of the marginal value of grazing permits in Ne...
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| Format: | Article |
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Western Agricultural Economics Association
2007-04-01
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| Series: | Journal of Agricultural and Resource Economics |
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| Online Access: | https://ageconsearch.umn.edu/record/8604 |
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doaj-6c34c8bee657412e86d35abbcf5561ee2020-11-25T03:03:58ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852007-04-01321204010.22004/ag.econ.86048604Why Grazing Permits Have Economic ValueNeil R. RimbeyL. Allen TorellJohn A. TanakaGrazing permit value supposedly arises as a cost advantage for permit holders. Yet, ranches are overpriced relative to income earning potential. Hedonic models for New Mexico and the Great Basin were used to evaluate permit value. We found less than 16% of the marginal value of grazing permits in New Mexico can be attributed to livestock production, and for Great Basin ranches, estimates indicate none of the value can be assigned to livestock production. Deeded and public land acreages make the ranch bigger and it is the acreage, not the cattle grazing it, that adds the most to ranchland value.https://ageconsearch.umn.edu/record/8604amenity ownersgrazing feeshedonic modelland valuespublic land grazingranch salesranch value |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Neil R. Rimbey L. Allen Torell John A. Tanaka |
| spellingShingle |
Neil R. Rimbey L. Allen Torell John A. Tanaka Why Grazing Permits Have Economic Value Journal of Agricultural and Resource Economics amenity owners grazing fees hedonic model land values public land grazing ranch sales ranch value |
| author_facet |
Neil R. Rimbey L. Allen Torell John A. Tanaka |
| author_sort |
Neil R. Rimbey |
| title |
Why Grazing Permits Have Economic Value |
| title_short |
Why Grazing Permits Have Economic Value |
| title_full |
Why Grazing Permits Have Economic Value |
| title_fullStr |
Why Grazing Permits Have Economic Value |
| title_full_unstemmed |
Why Grazing Permits Have Economic Value |
| title_sort |
why grazing permits have economic value |
| publisher |
Western Agricultural Economics Association |
| series |
Journal of Agricultural and Resource Economics |
| issn |
1068-5502 2327-8285 |
| publishDate |
2007-04-01 |
| description |
Grazing permit value supposedly arises as a cost advantage for permit holders. Yet, ranches are overpriced relative to income earning potential. Hedonic models for New Mexico and the Great Basin were used to evaluate permit value. We found less than 16% of the marginal value of grazing permits in New Mexico can be attributed to livestock production, and for Great Basin ranches, estimates indicate none of the value can be assigned to livestock production. Deeded and public land acreages make the ranch bigger and it is the acreage, not the cattle grazing it, that adds the most to ranchland value. |
| topic |
amenity owners grazing fees hedonic model land values public land grazing ranch sales ranch value |
| url |
https://ageconsearch.umn.edu/record/8604 |
| work_keys_str_mv |
AT neilrrimbey whygrazingpermitshaveeconomicvalue AT lallentorell whygrazingpermitshaveeconomicvalue AT johnatanaka whygrazingpermitshaveeconomicvalue |
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