Utah rangeland real estate underwent an inflation-deflation price cycle from 1975 through 1988. A total of 166 Utah land sales were analyzed to determine whether factors affecting rangeland prices changed during the price cycle. Regression analysis was used to test changes in method of pricing rangeland between the inflation phase (1975-81) and deflation phase (1982-87). The effects on sale price of parcel size (acres or hectares) and number of deeded animal unit months (AUMs) differed between the 2 time periods. Size of parcel sold significantly affected land price in the first time period, but not in the second. Conversely, the number of deeded AUMs did not significantly influence land price in the first time period, but did in the second. Thus rangeland tended to be priced per acre (hectare) during the inflation phase of the price cycle and per AUM of carrying capacity during the deflation phase. These results indicate that rangeland owners should try to maintain or improve range condition and carrying capacity to preserve real estate values during deflationary times. 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.