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The Impact of Beef Price and Hunting Pressure on Pasture Values in North Dakota

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  • DeVuyst, Cheryl
  • DeVuyst, Eric

Abstract

Anecdotal evidence suggests that agricultural land values are influenced by recreational demands, in particular hunting. This study estimated that the impact that hunting pressure, beef prices, and lagged land values had on county-level pasture values in North Dakota. Using panel data from 1989-2006, a fixed effects model was specified and estimated. Results showed that on average, hunting pressure increased pasture land values by $16.27 per acre or about nine percent of total pasture value.

Suggested Citation

  • DeVuyst, Cheryl & DeVuyst, Eric, 2008. "The Impact of Beef Price and Hunting Pressure on Pasture Values in North Dakota," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2008, pages 1-6.
    • Handle: RePEc:ags:jasfmr:189874
    DOI: 10.22004/ag.econ.189874
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    References listed on IDEAS

    as
    1. Plantinga, Andrew J. & Lubowski, Ruben N. & Stavins, Robert N., 2002. "The effects of potential land development on agricultural land prices," Journal of Urban Economics, Elsevier, vol. 52(3), pages 561-581, November.
    2. Shultz, Steven, 2007. "Non-Local Purchases of Agricultural Land for Hunting Purposes," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2007, pages 1-9.
    3. Janssen, Larry & Button, Brian, 2004. "Impacts Of Federal Farm Program Payments On Cropland Values And Rental Rates: Evidence From County-Level Data In South Dakota," 2004 Annual meeting, August 1-4, Denver, CO 20398, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Torell, L. Allen & Rimbey, Neil R. & Ramirez, Octavio A. & McCollum, Daniel W., 2005. "Income Earning Potential versus Consumptive Amenities in Determining Ranchland Values," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 30(3), pages 1-24, December.
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