Factors contributing to the true value of western rangelands are described in a new bulletin from University of Wyoming Extension.
“Toward a more comprehensive valuation of western rangelands,” B-1245, describes the fair valuation process of western rangelands that includes values of livestock forage production, non-market values like recreation and ecology and marketvalues like energy production and mineral extraction.
The comprehensive value of rangelands is important for formation of policy used by land management agencies, according to publication authors Benjamin Rashford, Alexandre Latchininsky and John Ritten in the College of Agriculture and Natural Resources.
Rashford is an associate professor in the Department of Agricultural and Applied Economics and UW Extension natural resource economics specialist, Latchininsky is an associate professor in the Department of Ecosystem Science and Management and UW extension entomologist and Ritten is an assistant professor in the Department of Agricultural and Applied Economics and a UW Extension specialist.
The publication is available for free download by going to http://www.uwyo.edu/ces and clicking on Publications on the left-hand side. Type the publication number in the search field.