Hedonic Analysis of Hunting Lease Revenue and Landowner Willingness to Provide Fee-Access Hunting

Selling hunting access may supplement household income, yet only a small proportion of nonindustrial private (NIP) landowners in United States lease the right to hunt their land. Based on a survey of Mississippi landowners, the decision to lease hunting rights and factors influencing lease revenue p...

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Bibliographic Details
Published inForest science Vol. 53; no. 4; pp. 493 - 506
Main Authors Hussain, A, Munn, I.A, Grado, S.C, West, B.C, Jones, W.D, Jones, J
Format Journal Article
LanguageEnglish
Published Bethesda Oxford University Press 01.08.2007
Subjects
Ad valorem taxes
attitudes and opinions
decision making
Economic models
equations
estimation
fee hunting
Financial institutions
forest economics
forest recreation
hedonic pricing
land use
Landowners
leasing
mathematical models
Opportunity costs
private forestry
Profits
simulation models
sport hunting
States
Studies
surveys
Variable costs
wildlife management
Mississippi
USA, Mississippi
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Summary:Selling hunting access may supplement household income, yet only a small proportion of nonindustrial private (NIP) landowners in United States lease the right to hunt their land. Based on a survey of Mississippi landowners, the decision to lease hunting rights and factors influencing lease revenue per leased hectare were analyzed. The two issues were jointly modeled consistent with Heckman's sample selection model, and the lease revenue was specified in accordance with hedonic pricing theory. Empirical results showed that landowner concerns about loss of privacy, accident liability, and conflicts with personal use of land reduced the likelihood of leasing; total landownership and specific landowner characteristics increased it. With regards to factors explaining differences in lease revenue per leased hectare, bottomland hardwoods commanded a greater premium than many other land uses. In addition, lease revenue per hectare was distinctly higher where a landowner had expertise in managing a hunting lease enterprise. These findings have implications for landowners interested in managing wildlife-associated enterprises and public agencies engaged in the provision of natural resource-based recreation.
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ISSN:0015-749X
1938-3738
DOI:10.1093/forestscience/53.4.493