Calculating Minimum Grazing Lease Rates for Hawai'i Thorne, Mark Cox, Linda J. Stevenson, M.H. 2009-09-16T00:43:31Z 2009-09-16T00:43:31Z 2007-06
dc.description.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.
dc.format.extent 7 pages
dc.identifier.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).
dc.language.iso en-US
dc.publisher University of Hawaii
dc.relation.ispartofseries Pasture and Range Management
dc.relation.ispartofseries 3
dc.subject grazing fees
dc.subject Hawaii
dc.subject beef cattle
dc.subject production costs
dc.title Calculating Minimum Grazing Lease Rates for Hawai'i
dc.type Article
dc.type.dcmi Text
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