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Socioeconomic Behavior of Cattle Ranchers, with Implications for Rural Community Development in the West

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  • Arthur H. Smith
  • William E. Martin

Abstract

This paper extends the argument that cattle ranching and ranchers can be better understood by viewing the ranch resource as generating both production and consumption outputs. It was found that nonmonetary outputs of ranch ownership are the most significant factors in explaining high sale prices of Arizona ranches. Land fundamentalism, rural fundamentalism, and conspicuous consumption/speculative attitudes are the most important of these consumption outputs. The analysis suggests that small town viability and growth in the arid Southwest, and possibly in the West as a whole, may be more likely to occur if rural development policies are not predicated on the economic impact of surrounding ranches.

Suggested Citation

  • Arthur H. Smith & William E. Martin, 1972. "Socioeconomic Behavior of Cattle Ranchers, with Implications for Rural Community Development in the West," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 217-225.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:2:p:217-225.
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    File URL: http://hdl.handle.net/10.2307/1238704
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    Citations

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    Cited by:

    1. Young, Katherine D. & Shumway, C. Richard, 1991. "Cow-Calf Producers' Perceived Profit Maximization Objective: A Logit Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-8, July.
    2. David K. Lambert & Gordon Myer, 1988. "Incremental impacts of the tax reform act of 1986 on western beef cattle ranch values," Agribusiness, John Wiley & Sons, Ltd., vol. 4(5), pages 425-432.
    3. Tanaka, John A. & Rimbey, Neil R. & Torell, L. Allen, 2005. "Rangeland Economics, Ecology, And Sustainability: Implications For Policy And Economic Research," Western Economics Forum, Western Agricultural Economics Association, vol. 4(01), pages 1-7.
    4. Ziemer, Rod F. & White, Fred C., 1981. "A Tobit Model Of The Demand For Farmland," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 13(2), pages 1-5, December.
    5. Jose L. Oviedo & Lynn Huntsinger & Pablo Campos & Alejandro Caparrós, 2011. "Assessing the income value of private amenities in California oak woodlands," Working Papers 1110, Instituto de Políticas y Bienes Públicos (IPP), CSIC.
    6. Adhikari, Saroj & Joshi, Omkar & Sorice, Michael G. & Fuhlendorf, Samuel D., 2023. "Factors affecting the adoption of patch-burn grazing in the southern Great Plains in the US," Land Use Policy, Elsevier, vol. 125(C).
    7. Hailey Wilmer & Lauren M. Porensky & María E. Fernández-Giménez & Justin D. Derner & David J. Augustine & John P. Ritten & Dannele P. Peck, 2019. "Community-Engaged Research Builds a Nature-Culture of Hope on North American Great Plains Rangelands," Social Sciences, MDPI, vol. 8(1), pages 1-26, January.
    8. C. Arden Pope III & H. L. Goodwin, 1984. "Impacts of Consumptive Demand on Rural Land Values," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(5), pages 750-754.
    9. Skaggs, Rhonda K. & Kirksey, R.E. & Harper, Wilmer M., 1994. "Determinants And Implication Of Post-Crp Land Use Decisions," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-14, December.
    10. Skaggs, Rhonda K. & Falk, Constance L., 1998. "Market And Welfare Effects Of Livestock Feed Subsidies In Southeastern New Mexico," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-13, December.
    11. Martin, William E. & Tinney, J. Craig & Gum, Russell L., 1978. "A Welfare Economic Analysis Of The Potential Competition Between Hunting And Cattle Ranching," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(2), pages 1-12, December.
    12. Tanaka, John A. & Torell, L. Allen & Rimbey, Neil R., 2005. "Who Are Public Land Ranchers and Why Are They Out There?," Western Economics Forum, Western Agricultural Economics Association, vol. 4(2), pages 1-7.
    13. Blackburn, Donald J. & Brinkman, George L. & Driver, Herbert C. & Wilson, Trevor D., 1979. "A Comparison of Behavioral and Economic Characteristics of Selected Commercial and Limited Resource Farmers," Working Papers 244840, University of Guelph, Department of Food, Agricultural and Resource Economics.
    14. Ockwell, Anthony P. & Batterham, Robert L., 1982. "The Influence of Credit on Farm Growth," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 50(03), pages 1-18, December.
    15. Martin, William E. & Tinney, J. Craig & Gum, Russell L., 1978. "Comparing Estimates of Market and Nonmarket Values for Products of a Given Land Base," Economics Statistics and Cooperative Services (ESCS) Reports 329532, United States Department of Agriculture, Economic Research Service.
    16. José L. Oviedo & Lynn Huntsinger & Pablo Campos, 2015. "Reconciling landowner income and land prices: the case of Spanish and California oak woodlands," Working Papers 1502, Instituto de Políticas y Bienes Públicos (IPP), CSIC.

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