Issue Date
1992-05-01Keywords
valuationselling prices
rural economy
econometric models
land values
ranching
prediction
regression analysis
rangelands
Utah
Metadata
Show full item recordCitation
Rowan, R. C., & Workman, J. P. (1992). Factors affecting Utah ranch prices. Journal of Range Management, 45(3), 263-266.Publisher
Society for Range ManagementJournal
Journal of Range ManagementDOI
10.2307/4002975Additional Links
https://rangelands.org/Abstract
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.Type
textArticle
Language
enISSN
0022-409Xae974a485f413a2113503eed53cd6c53
10.2307/4002975