Public Resource Pricing: An Analysis of Range Policy

Thomas M. Quigley, E. Garth Taylor and R. McGreggor Cawley

No 401293, USDA Miscellaneous from United States Department of Agriculture

Abstract: Pricing represents an important step in the allocation of scarce resources. Markets, which set the price policy, are not restricted by a simple buyer-seller relation. The Federal grazing-fee policy is at the forefront of controversy surrounding the pricing of all uses of public lands. The pricing process of grazing fees has been cyclical. With few exceptions, the cycle, which takes 8 to 14 years, includes (1) initial study, (2) fee implementation or proposal, (3) lawsuit, (4) congressional hearings, and (5) fee compromise. The tradeoff between strict market pricing and political market pricing is efficiency and equity. Government agencies, Congress, and the ranching industry all have conflicting interests that affect strict equity-efficiency decisions. If policy results in income transfer for resource use or access, a quasi-right is established and controversy is assured in future pricing.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Land Economics/Use; Livestock Production/Industries; Political Economy; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 44
Date: 1988-08
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:401293

DOI: 10.22004/ag.econ.401293

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