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

Ram K. Shrestha and Janaki R.R. Alavalapati

Journal of Agricultural and Applied Economics, 2004, vol. 36, issue 3, 10

Abstract: Recreational hunting has been an attractive enterprise for some ranchers who are 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 acre per year from hunting leases, but doubling the cover would generate only an additional $3.20 per acre per year.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:43475

DOI: 10.22004/ag.econ.43475

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