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Alternative Public Land Management Policy Impacts: Ranch and County Level

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  • Harris, Thomas R.
  • Grumstrup, Ethan

Abstract

A dynamic Monte Carlo linear programming model of a cattle ranch in Elko County, Nevada, provided a range of assets under management (AUM) valuations under alternative reductions in public land grazing permits. Employing these ranch level results into a county level input-output model, we derived a range of county economic, employment, and household income impacts for alternative public land policies. Estimation as to possible ranges in AUM valuations and county level economic impacts provides information to policy makers not only during periods of average economic condition but also under unfavorable economic conditions.

Suggested Citation

  • Harris, Thomas R. & Grumstrup, Ethan, 2023. "Alternative Public Land Management Policy Impacts: Ranch and County Level," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2023, January.
    • Handle: RePEc:ags:jasfmr:342886
    DOI: 10.22004/ag.econ.342886
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    References listed on IDEAS

    as
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    2. Ritten, John P. & Frasier, W. Marshall & Bastian, Christopher T. & Paisley, Steven I. & Smith, Michael A. & Mooney, Sian, 2010. "A Multi-Period Analysis of Two Common Livestock Management Strategies Given Fluctuating Precipitation and Variable Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 42(2), pages 1-15, May.
    3. Ritten, John P. & Frasier, W. Marshall & Bastian, Christopher T. & Paisley, Steven I. & Smith, Michael A. & Mooney, Siân, 2010. "A Multi-Period Analysis of Two Common Livestock Management Strategies Given Fluctuating Precipitation and Variable Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 42(2), pages 177-191, May.
    4. Rimbey, Neil R. & Torell, L. Allen & Tanaka, John A., 2007. "Why Grazing Permits Have Economic Value," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 32(1), pages 1-21, April.
    5. William Baumol, 2000. "Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 141-152.
    6. Manski, Charles F., 2013. "Public Policy in an Uncertain World: Analysis and Decisions," Economics Books, Harvard University Press, number 9780674066892, Spring.
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