 |
| The Growing Importance and Value
Implications of Recreational Hunting Leases to Agricultural Land Investors in America Author: John S. Baen Start Page: 399 Abstract: This study considers
the evolution and explosion growth of recreational hunting leases in America. The
traditional European practice of leasing rural lands for the exclusive rights of tenants
to hunt and fish is now an important revenue source for American agricultural land
investors/owners. Hunting lease income can enhance value to the point that recreation
becomes the highest and best use of rural land for both the market and income approaches
to valuation. This study offers new perspectives for valuing the income component from
recreational leases as a percentage of market value and proposes a hunting lease index for
land owners and tenants to consider. |
