Economic Impacts of Farm and Ranch Recreation in Oregon PDF Download
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Author:
Publisher:
ISBN:
Category : Dude ranches
Languages : en
Pages : 40
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Book Description
Author:
Publisher:
ISBN:
Category : Dude ranches
Languages : en
Pages : 40
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Book Description
Author: Rebecca L. Johnson
Publisher:
ISBN:
Category : Economic development
Languages : en
Pages : 110
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Book Description
Author: Ralph Stephen Besse
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 85
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Book Description
Author: Wen-Huei Chang
Publisher:
ISBN:
Category : Economic surveys
Languages : en
Pages :
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Book Description
Author: Arnold Steward Burrier
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 734
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Book Description
Author:
Publisher:
ISBN:
Category : Dude ranches
Languages : en
Pages : 90
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Book Description
Author: Oregon. State Parks and Recreation Division
Publisher:
ISBN:
Category : Outdoor recreation
Languages : en
Pages : 14
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Book Description
Author:
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ISBN:
Category :
Languages : en
Pages : 82
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Book Description
Author: Faisal M. Shalloof
Publisher:
ISBN:
Category : Big game hunting
Languages : en
Pages : 96
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Book Description
Much outdoor recreation occurs on publicly owned land and water resources, or involves use of these public resources. Consequently, an economic problem arises concerning the value of recreational resources which do not have a conventional market price. Without a price to guide the allocation of resources, it is difficult to obtain optimal decisions in allocation of these publicly owned natural resources among alternative uses, including recreation, timber, and domestic livestock production. In Oregon, the big game resource has a great impact on the economy of the state. Positive values of this resource are related to recreational use and to income generated which benefit local economies. Negative values of big game include its competition for resources used for timber production and/or livestock grazing. In order to better assess the value of the big game resource, an attempt has been made in this thesis to improve demand models from which the net economic value of the Oregon big game resource can be derived. The data used in this study were obtained from the questionnaires mailed to a random sample of Oregon big game hunters during the fall of 1968. The travel cost method was used to estimate the demand for big game hunting, based on the actual behavior of the hunters. Several algebraic forms of the travel cost demand equation were estimated for the Northeast and the Central regions of Oregon. The concept of consumers' surplus was used to estimate the net economic value for the Oregon big game resources. Net economic value for the Northeast and Central regions of Oregon in 1968 dollars was approximately $14.3 million, based on the exponential demand function. Net economic value for the same two regions was approximately $11 million, based on the linear demand function. An attempt was made in this study to predict the changes in consumers' surplus from changes in the number of deer and elk harvested. Note that the regression models in this thesis implied that a ten percent increase in harvest would increase the consumers' surplus of hunters by more than ten percent. However, the hypothesis that a ten percent increase in harvest would increase consumers' surplus by exactly ten percent was not rejected by a statistical test. Therefore, a good deal more research is needed to determine the value of marginal changes in the number of deer and elk harvested. It is thought that the estimation of net economic value in this study for the Northeast and Central regions of Oregon will be useful from the viewpoint of big game management and resource allocation in Oregon.
Author: John P. Hewlett
Publisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 328
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Book Description
Agricultural economists have devoted considerable attention to the financial stress situation of agricultural producers. Many studies have been conducted in various regions of the U.S. in an attempt to better understand the causes of the problem. The costs associated with farm financial stress imply corresponding benefits to be realized by its reduction. Benefits of studying and resolving farm financial stress reach beyond the farms and ranches to many related sectors such as rural communities, agribusinesses, and lending institutions. The specific hypothesis tested in this thesis is as follows: some but not all farms and ranches which have undergone serious financial stress in the early part of the 1980's in Oregon can be assisted in withstanding fluctuations in economic conditions by adopting specific strategies which promote financial stability and profitability. One of the specific objectives of this thesis was to evaluate the level of financial stress for two different agricultural production units in Oregon under differing leverage positions, and macroeconomic conditions. The production units selected for study were a cattle ranch and a wheat farm, based on their relative importance to Oregon. This first objective was satisfied through analysis of a baseline scenario, which was essentially a continuation of current conditions. Debt levels and growth rates were then altered to reflect the desired study conditions. Changing and considering three leverage ratios (20%, 40%, and 70%) and three sets of macroeconomic conditions (baseline, pessimistic, and optimistic) allowed studying of nine alternative situations to the base firm type or a total of 18 alternatives. Analysis of these different alternative production units was accomplished through a deterministic computer-based simulation model. The model simulates the financial structure and performance of a farm business over a transition period of four years with emphasis placed on the financial transactions of the firm. These transactions include purchases and sales of farm assets, financing terms, debt management, cash flows, tax obligations, consumption levels, and growth rates. The computer-based model made necessary calculations of cash flows and changes in financial statements to derive the ratios used for financial analysis over the planning horizon of four years beyond the present input case and is deterministic in the sense that all essential variables are entered by the researcher. Output from this model includes a set of coordinated financial statements for the firm over the planning horizon: a balance sheet, an income statement, statements for changes in net worth, flow of funds statement, and a fund availability report. The model also calculates profitability, liquidity, and solvency ratios used in financial ratio analysis which are provided on a summary sheet. These statements and reports are provided on an annual basis; thus, financial information is provided on yearly changes in financial position over the four year horizon. Another objective of this thesis was to evaluate various policy and management strategies designed to reduce financial stress. This objective was achieved by analysis of various scenarios designed to reduce stress simultaneously with the baseline case, which served for comparison. The specific scenarios considered were: 35% reduction of debt, 35% reduction of interest rates, two year deferral of debt, sales of 35% of total assets with no lease back, sales of 35% of total assets with lease back arrangements, and an infusion of equity capital equal to 35% of total debt. Results from this analysis were intended to show what, if any, courses of action could be pursued by agricultural firm managers and policy makers to reduce farm financial stress. The best test of the ability of these scenarios to reduce financial stress occurred in application to the high leverage wheat farm situations, as these were the cases with the most financial stress. Appropriate programs could be adopted to strengthen the financial position of the farm; in the case of low liquidity, asset sales-lease back; in cases of low solvency, equity infusions; and in circumstances where profitability needs to be enhanced, interest reductions would be the best choice. The results also seemed to suggested that public programs can maintain current levels of financial performance for producers under financial stress but do little to improve those positions.
