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| Valuation of Government Grazing Leases Author: Mark A. Sunderman and Ronald W. Spahr Start Page: 179 Abstract: This paper
investigates the value and proposes a public policy regarding government grazing leases.
It is found that federal grazing leases have little impact upon the value of ranches. It
is speculated that state leases are valued more highly than federal grazing leases because
of the higher level of certainty of future availability and reasonable leasing fees. Based
on these findings, this paper recommends a change in the classification of multiple use
and possible divesting of much of the BLM lands. In addition, it is recommended that the
federal government should set grazing rates no higher than their fair market value and
attempt to reduce the uncertainty regarding future availability. |
