Contribution of Wildlife to the Value of U.S. Southern Forestland

Rural appraisers should be aware of the important contribution wildlife values and hunting leases make to forestland value. Many rural appraisals take place on small family holdings that constitute about 62 percent of private forestland in the United States. Roughly 12 percent of these small forest holdings are leased for hunting or some other recreational use, producing significant annual revenue. The methodology to value these contributions is described. Using southern hunting lease revenues and a six percent real discount rate, hunting leases increased forestland values by $184.00 per acre on average, certainly a significant contribution to value.


Issue Date:
Jun 10 2011
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/118947
Published in:
Journal of the ASFMRA (American Society of Farm Managers and Rural Appraisers), 2011
Page range:
23-32
Total Pages:
9




 Record created 2017-04-01, last modified 2017-08-29

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