The Impact of Beef Price and Hunting Pressure on Pasture Values in North Dakota

Cheryl DeVuyst and Eric DeVuyst

Journal of the ASFMRA, 2008, vol. 2008, 6

Abstract: Anecdotal evidence suggests that agricultural land values are influenced by recreational demands, in particular hunting. This study estimated that the impact that hunting pressure, beef prices, and lagged land values had on county-level pasture values in North Dakota. Using panel data from 1989-2006, a fixed effects model was specified and estimated. Results showed that on average, hunting pressure increased pasture land values by $16.27 per acre or about nine percent of total pasture value.

Keywords: Agricultural Finance; Land Economics/Use; Livestock Production/Industries (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:189874

DOI: 10.22004/ag.econ.189874

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