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

Ram K. Shrestha () and Janaki R.R. Alavalapati

Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 3, pages 763-772

Abstract: Recreational hunting has been an attractive enterprise for some ranchers 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.

Keywords: hedonic model; hunting lease; land attributes; silvopasture (search for similar items in EconPapers)
JEL-codes: Q23 Q24 Q26 Q51 Q57 (search for similar items in EconPapers)

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