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Calculating Minimum Grazing Lease Rates for Hawai'i

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Title: Calculating Minimum Grazing Lease Rates for Hawai'i
Authors: Thorne, Mark
Cox, Linda J.
Stevenson, M.H.
Keywords: grazing fees
beef cattle
production costs
Issue Date: Jun 2007
Publisher: University of Hawaii
Citation: Thorne M, Cox LJ, Stevenson MH. 2007. Calculating minimum grazing lease rates for Hawai'i. Honolulu (HI): University of Hawaii. 7 p. (Pasture and Range Management; PRM-3).
Series/Report no.: Pasture and Range Management
Abstract: The establishment of a minimum grazing lease rate in Hawai‘i is important for several reasons. First, it provides a means to adjust lease rate values according to fluctuations in livestock markets, or the rancher’s ability to pay, and agricultural land use values. Second, it provides a statewide standard that can easily be applied by state, federal, and private land management entities, and this will help to eliminate the large discrepancies that currently exist in statewide lease rates. Third, a minimum grazing lease rate provides a means for ranchers and land management entities to objectively determine the value of the land unit for grazing and the value of grazing for that land unit. Ranchers have a greater incentive to pay a higher lease rate if more services are provided or if the quality of the grazing unit is higher. On the other hand, land management entities must make decisions about the overall management of the land unit. They are more likely to choose grazing as a land management practice if the price or the services they receive provides a greater benefit than other alternative means of management. Calculation examples and a worksheet are provided.
Pages/Duration: 7 pages
Appears in Collections:Pasture and Range Management, 2005 - present

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