We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Capitalization of Hunting Lease Income into Northern Mississippi Forestland Values.
- Authors
Hussain, Anwar; Munn, Ian A.; Brashier, Jerry; Jones, W. Daryl; Henderson, James E.
- Abstract
Hunting leases are impacting rural land values. Using land sales transactions in northerv7 Mississippi, this study quantified how hunting lease income affects forestland value, while controlling for sale attributes, county attributes, and ecosystem differences. Estimation procedures included traditional as well as spatial econometric modeling. A dollar increase in per acre hunting lease rate was associated with a 0.80% increase in per acre forestland value. Hunting lease income was capitalized into forestland value at a 7.55% rate. These findings should be helpful to forest landowners, appraisers, buyers, and government officials in land valuation and natural resource management issue.
- Subjects
MISSISSIPPI; HUNTING leases; VALUATION of forests; VALUATION of real property; MATHEMATICAL models; SPACE in economics; NATURAL resources management
- Publication
Land Economics, 2013, Vol 89, Issue 1, p137
- ISSN
0023-7639
- Publication type
Article
- DOI
10.3368/le.89.1.137