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Effect of Ranchland Attributes on Recreational Hunting in Florida: A Hedonic Price Analysis

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  • Shrestha, Ram K.
  • Alavalapati, Janaki R.R.

Abstract

Recreational hunting has been an attractive enterprise for some ranchers who are interested in supplementing their income from cattle. Ranchland attributes—such as parcel size, tree cover, and proximity to urban centers—are expected to influence hunters' preferences and, thus, hunting lease payments. We estimated the effects of these attributes on hunting revenues using a hedonic model. The results reveal that trees and vegetation cover on ranchlands have a positive impact on hunting revenues, indicating opportunities for silvopasture practices. Those ranchers in Florida who maintain about 22% trees and other vegetation cover receive $16.15 per acre per year from hunting leases, but doubling the cover would generate only an additional $3.20 per acre per year.

Suggested Citation

  • Shrestha, Ram K. & Alavalapati, Janaki R.R., 2004. "Effect of Ranchland Attributes on Recreational Hunting in Florida: A Hedonic Price Analysis," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(3), pages 763-772, December.
    • Handle: RePEc:cup:jagaec:v:36:y:2004:i:03:p:763-772_02
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    Citations

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    Cited by:

    1. Mingie, James C. & Poudyal, Neelam C. & Bowker, J.M. & Mengak, Michael T. & Siry, Jacek P., 2017. "Big game hunter preferences for hunting club attributes: A choice experiment," Forest Policy and Economics, Elsevier, vol. 78(C), pages 98-106.
    2. Martínez-Jauregui, María & Herruzo, A. Casimiro & Campos, Pablo & Soliño, Mario, 2016. "Shedding light on the self-consumption value of recreational hunting in European Mediterranean forests," Forest Policy and Economics, Elsevier, vol. 69(C), pages 83-89.
    3. Lundhede, Thomas Hedemark & Jacobsen, Jette Bredahl & Thorsen, Bo Jellesmark, 2015. "A hedonic analysis of the complex hunting experience," Journal of Forest Economics, Elsevier, vol. 21(2), pages 51-66.
    4. Ian A. Munn & Anwar Hussain, 2010. "Factors Determining Differences in Local Hunting Lease Rates: Insights from Blinder-Oaxaca Decomposition," Land Economics, University of Wisconsin Press, vol. 86(1), pages 66-78.
    5. Yuxi Guo & Elizabeth H. Boughton & Stephanie Bohlman & Carl Bernacchi & Patrick J. Bohlen & Raoul Boughton & Evan DeLucia & John E. Fauth & Nuria Gomez-Casanovas & David G. Jenkins & Gene Lollis & Rya, 2023. "Grassland intensification effects cascade to alter multifunctionality of wetlands within metaecosystems," Nature Communications, Nature, vol. 14(1), pages 1-15, December.
    6. Keefe O. Keeley & Kevin J. Wolz & Kaitie I. Adams & Jeannine H. Richards & Erin Hannum & Severine von Tscharner Fleming & Stephen J. Ventura, 2019. "Multi-Party Agroforestry: Emergent Approaches to Trees and Tenure on Farms in the Midwest USA," Sustainability, MDPI, vol. 11(8), pages 1-22, April.
    7. Lozano, Julian E. & Elofsson, Katarina & Surry, Yves, 2021. "Heterogeneous impacts of large carnivores on hunting lease prices," Land Use Policy, Elsevier, vol. 101(C).
    8. Mashour, Terri & Alavalapati, Janaki & Matta, Rao & Larkin, Sherry & Carter, Doug, 2005. "A hedonic analysis of the effect of natural attributes and deed restrictions on the value of conservation easements," Forest Policy and Economics, Elsevier, vol. 7(5), pages 771-781, August.

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