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The impact of wildlife recreation on farmland values

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  • Jason Henderson
  • Sean Moore

Abstract

Wildlife recreation ? hunting, fishing, and wildlife watching ? appears to be an increasingly important past time for many Americans as people continue to increase their spending on wildlife recreation. Land lease and ownership expenditures by wildlife recreation participants are rising and appear to be capitalized into farmland values. This paper analyzes the impact of hunting lease rates on farmland values in Texas. The results indicate that counties with higher wildlife recreation income streams have higher land values.

Suggested Citation

  • Jason Henderson & Sean Moore, 2005. "The impact of wildlife recreation on farmland values," Research Working Paper RWP 05-10, Federal Reserve Bank of Kansas City.
    • Handle: RePEc:fip:fedkrw:rwp05-10
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    File URL: https://www.kansascityfed.org/documents/5363/pdf-RWP05-10.pdf
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    References listed on IDEAS

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    Cited by:

    1. Guiling, Pam & Brorsen, B. Wade & Doye, Damona G., 2007. "How Much Influence Does Recreation Have on Agricultural Land Values?," 2007 Annual Meeting, February 4-7, 2007, Mobile, Alabama 34947, Southern Agricultural Economics Association.
    2. Guiling, Pamela & Doye, Damona & Brorsen, B. Wade, 2009. "Why Has the Price of Pasture Increased Relative to the Price of Cropland?," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-13.
    3. 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.

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    Keywords

    Recreation; Farms - Valuation;

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