Rangeland Ecology & Management

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Factors affecting Utah ranch prices
Author
Rowan, R. C.
Workman, J. P.
Publisher
Society for Range Management
Publication Year
1992-05-01
Body

A total of 341 Utah rural land sales occurring between 1980 and 1987 were analyzed to identify and quantify the determinants of Utah rangeland and ranch prices. Two factors statistically influenced average sale price (/hectare and/or /AUM): number of hectares sold and whether buildings were included in the sale. Regression analysis incorporated statistically significant (P < 0.05) explanatory variables into a predictive equation that expressed total ranch sale price as a function of number of deeded AUMs, building value, year and month of sale, number of leased AUMs, distance to nearest town, recreation influence, and size of parcel sold. The regression model produced an adjusted R2 = 0.91. Value of buildings and number of deeded AUMs explained most of the variability in total ranch sale price. 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

Language
en
Resource Type
Text
Document Type
Journal Issue/Article
Digital Object Identifier (DOI)
10.2307/4002975
Additional Information
Rowan, R. C., & Workman, J. P. (1992). Factors affecting Utah ranch prices. Journal of Range Management, 45(3), 263-266.
IISN
0022-409X
OAI Identifier
oai:repository.arizona.edu:10150/644709
Journal Volume
45
Journal Number
3
Journal Pages
263-266
Journal Name
Journal of Range Management
Keywords
valuation
selling prices
rural economy
econometric models
land values
ranching
prediction
regression analysis
rangelands
Utah