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Non-Local Purchases of Agricultural Land for Hunting Purposes

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  • Shultz, Steven

Abstract

Agricultural land purchases by non-local buyers for hunting purposes (106 sales) were compared to nearby (comparable) land purchases of local agricultural producers (318 sales) in the Southwest and Prairie Pothole Regions (PPR) of North Dakota from 2000 to 2004. In the PPR (dominated by waterfowl hunting), it was demonstrated that non-locals do not pay a premium for agricultural land that they purchase for hunting purposes. In the Southwest Region (dominated by pheasant hunting), it was found that nonlocals pay between 23 and 24 percent more for agricultural land based on mean differences, but that if median differences are evaluated, these premiums range from 19 (nearby sale comparisons) to -4 percent (county-wide comparisons). These discrepancies in mean and median price premiums are shown to result from the existence of several statistical outlier sales. These results imply that recent surges in agricultural land prices across the entire state of North Dakota cannot be attributed solely to non-local hunting purchases. It was also noted that most non-local purchasers of hunting land do restrict public hunting access and that they also usually lease their land to local producers

Suggested Citation

  • 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.
  • Handle: RePEc:ags:jasfmr:189897
    DOI: 10.22004/ag.econ.189897
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Elena G. Irwin, 2002. "The Effects of Open Space on Residential Property Values," Land Economics, University of Wisconsin Press, vol. 78(4), pages 465-480.
    4. Anita Regmi, 1997. "Spatial, Productivity, and Environmental Determinants of Farmland Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(5), pages 1657-1664.
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    Cited by:

    1. 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.
    2. Schmitz, Nick & Shultz, Steven, 2008. "The Impact of the Conservation Reserve Program on the Sale Price of Agricultural Land," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2008, pages 1-9.

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    Agribusiness; Land Economics/Use;

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