Sunderman, Mark A.; Spahr, Ronald W. - In: Journal of Real Estate Research 9 (1994) 2, pp. 179-196
This paper investigates the value and proposes a public policy regarding government grazing leases. It is found that federal grazing leases have little impact upon the value of ranches. It is speculated that state leases are valued more highly than federal grazing leases because of the higher...