Use Rates, Resource Flows, and Efficiency of Public Investment in Range Improvements

Joe B. Stevens and E. Godfrey ()

American Journal of Agricultural Economics, 1972, vol. 54, issue 4_Part_1, 611-621

Abstract: A theoretical model of interactions between use rates and resource flows over space and time is developed, and a static empirical model is derived for ex post analysis of public range investments on the Vale Project (Oregon). Five investment practices varied widely in their marginal productivities. For every Animal Unit Month (AUM) of grazing produced directly by Investment, an additional 0.5 AUM was obtained by manipulation of use rates to allow increased natural regeneration. Overall, the Vale Project was inefficient in terms of an implicit redistributional objective as well as the explicit national income objective.

Date: 1972
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