Income Earning Potential versus Consumptive Amenities in Determining Ranchland Values

Income Earning Potential versus Consumptive Amenities in Determining Ranchland Values

The relative importance of income earning potential versus consumptive values in setting ranchland prices is examined using a truncated hedonic model. The market value of New Mexico ranches is related to annual income earning potential and other ranch characteristics including ranch size, location,...

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Bibliographic Details
Main Authors: L. Allen Torell, Neil R. Rimbey, Octavio A. Ramirez, Daniel W. McCollum
Format: Article
Language:English
Published: Western Agricultural Economics Association 2005-12-01
Series:Journal of Agricultural and Resource Economics
Subjects:
consumptive value
grazing fees
grazing permit value
hedonic model
land values
lifestyle agriculture
public land grazing
voluntary grazing permit buyout
Online Access:https://ageconsearch.umn.edu/record/30986

Internet

https://ageconsearch.umn.edu/record/30986

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