Registro completo |
Provedor de dados: |
AgEcon
|
País: |
United States
|
Título: |
Income Earning Potential versus Consumptive Amenities in Determining Ranchland Values
|
Autores: |
Torell, L. Allen
Rimbey, Neil R.
Ramirez, Octavio A.
McCollum, Daniel W.
|
Data: |
2006-10-06
|
Ano: |
2005
|
Palavras-chave: |
Consumptive value
Grazing fees
Grazing permit value
Hedonic model
Land value
Lifestyle agriculture
Public land grazing
Voluntary grazing permit buyout
Land Economics/Use
|
Resumo: |
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, elevation, terrain, and the amount of deeded, public, and state trust land on the ranch. We found ranch income to be a statistically important determinant of land value, but yet a relatively small percentage of ranch value was explained by income earnings. Ranch location, scenic view, and the desirable lifestyle influenced ranch value more than ranch income.
|
Tipo: |
Journal Article
|
Idioma: |
Inglês
|
Identificador: |
23919
http://purl.umn.edu/30986
|
Editor: |
AgEcon Search
|
Relação: |
Journal of Agricultural and Resource Economics>Volume 30, Number 03, December 2005
|
Formato: |
24
application/pdf
|
|