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Focuses on the capitalisation of government support into land rents and prices, assessing the consequences of inflated asset values, and suggesting lessons for future policy making.
Wildlife recreation ¿- hunting, fishing, and wildlife watching- ¿ appears to be an increasingly important pastime for many Americans as people continue to increase their spending on wildlife recreation. Land lease and ownership expenditures by wildlife recreation participants are rising and appear to be capitalized into farmland values. This report analyzes the impact of hunting lease rates on farmland values in Texas. The results indicate that counties with higher wildlife recreation income streams have higher land values. Tables.
Includes papers and reports of the American Farm Economic Association.