Competitive bidding is an acceptable way to determine an efficient price to both buyer and seller. The quasi-competitive bid structure used to price federal forage and lessor-provided services on the McGregor Range in New Mexico indicates that the efficient market price for federal forage, services, and facilities had an upper value of 4.88/AUM during the 1992 grazing season. The facilities and services provided on the McGregor Range had a value of 1.96/AUM to the ranchers leasing the bombing range. The residual amount of 2.92/AUM represents the estimated value of high quality federal forage during 1992. The total cost of grazing McGregor Range was estimated to average 16.78/AUM during the 1992 production year. This is less than the cost of leasing comparable private land (19.68/AUM) or BLM land (21.06/ AUM) in New Mexico. This material was digitized as part of a cooperative project between the Society for Range Management and the University of Arizona Libraries. The Journal of Range Management archives are made available by the Society for Range Management and the University of Arizona Libraries. Contact lbry-journals@email.arizona.edu for further information. Migrated from OJS platform August 2020
Scholarly peer-reviewed articles published by the Society for Range Management. Access articles on a rolling-window basis from vol. 1, 1948 up to 5 years from the current year. Formerly Journal of Range Management (JRM). More recent content is available by subscription from SRM.