Supply of Hunting Leases from Non-Industrial Private Forest Lands in Alabama

We used a two-step approach to jointly analyze participation of non-industrial private forest landowners in hunting leases and the determinants of hunting lease fees. Data for this study were obtained from a survey of landowners in Alabama (n = 227). The results show that land ownership type, tract size, and landowners’ place of residence, employment status, and concern for personal safety are determinants of participation in hunting leases. Factors influencing hunting lease fees include site-specific characteristics such as share of agricultural land relative to forest land, tract size, year-round water availability, type of access, and enhanced features such as streamside management zone, habitat improvement desirable to wildlife, and provision of services. The study has implications for landowners’ land use decisions and economic returns. This research is partially funded by Alabama Department of Conservation and Natural Resources and Alabama Forestry Commission. We are thankful to Amy Griliot and two anonymous reviewers and the editor of this journal for comments that have led to a significant improvement to this article. All remaining errors belong to the authors.

[1]  J. Baen The Growing Importance and Value Implications of Recreational Hunting Leases to Agricultural Land Investors , 1997 .

[2]  J. M. Inglis,et al.  Economic and operational characteristics of recreational leasing in the Edwards Plateau and Rio Grande Plains of Texas. , 1987 .

[3]  R. Kaiser,et al.  WILDLIFE ADMINISTRATORS' PERCEPTIONS OF HUNTER ACCESS PROBLEMS: A NATIONAL OVERVIEW , 1986 .

[4]  R. Scarpa,et al.  Assessing the Non-Timber Value of Forests: A Revealed-Preference, Hedonic Model , 2000 .

[5]  P. Goffe Hedonic Pricing of Agriculture and Forestry Externalities , 1996 .

[6]  J. Heckman Sample selection bias as a specification error , 1979 .

[7]  K. Livengood Value of Big Game from Markets for Hunting Leases: The Hedonic Approach , 1983 .

[8]  James L. D. Smith,et al.  Interest in fee hunting by Minnesota small-game hunters , 1992 .

[9]  S. Taff Perspectives On The Sale Of Hunting Access Rights To Private Lands In Minnesota , 1991 .

[10]  G. Donald Jud,et al.  Sample Selection Bias in Estimating Housing Sales Prices , 1994 .

[11]  M. Aldenderfer,et al.  Cluster Analysis. Sage University Paper Series On Quantitative Applications in the Social Sciences 07-044 , 1984 .

[12]  D. Relles,et al.  Theory Testing in a World of Constrained Research Design , 1990 .

[13]  F. Vella Estimating Models with Sample Selection Bias: A Survey , 1998 .

[14]  D. Benson Wildlife and recreation management on private lands in the United States. , 2001 .

[15]  Raymond B. Palmquist Land as a Differentiated Factor of Production : A Hedonic Model and Its Implications for Welfare Measurement , 1989 .

[16]  J. Stoll,et al.  The Market Value of Ingress Rights for White-Tailed Deer Hunting in Texas , 1985, Journal of Agricultural and Applied Economics.

[17]  Guy Garrod,et al.  Valuing goods' characteristics : an application of the hedonic price method to environmental attributes , 1992 .

[18]  Richard Breen,et al.  Regression Models: Censored, Sample Selected, or Truncated Data , 1996 .

[19]  E. Luzar,et al.  A Hedonic Analysis of Private Hunting Land Attributes Using an Alternative Functional Form , 1990, Journal of Agricultural and Applied Economics.

[20]  Forest tenures and land value in British Columbia , 1996 .

[21]  S. Rosen Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition , 1974, Journal of Political Economy.