College of Agriculture, Food, and Natural Resources Missouri Lease Hunting/Fishing Arrangements (& Wildlife Watchers) Joe Parcell Department of Agricultural.

Slides:



Advertisements
Similar presentations
A Private Land Access Program for Illinois Mission Impossible?
Advertisements

Access Illinois Outdoors A Two Rivers Resource Conservation and Development Project In Cooperation with the Department of Commerce and Economic Opportunity/Bureau.
The three most important considerations for development of wind farms are: LAND with good to excellent wind resource CONTRACT to sell electricity produced.
The ABCs of HOUSING VOCABULARY. Apartment Guide BOOKS TO LOOK IN FOR AN APARTMENT.
THE RING-NECKED PHEASANT IN PA b SCOTT R KLINGER b WILDLIFE RESEARCH BIOLOGIST.
Renting vs. Buying Housing. Rental Terminology Landlord Owner of property –Expects rent to be paid on time and for tenant to keep the property in reasonable.
1 Welcome to the International Right of Way Association’s Course 701 Property Management Leasing 701-PT – Revision 8 – INT.
Module #7 Other Benefits of Silvopasture Pine Silvopasture in the Southeast.
Risk & Liability. Risks from wildlife & plants Mammals Mammals Snakes Snakes Insects Insects Fish Fish Plants Plants.
What Every Broker Should Know About Open Space Valuations.
Careers in Wildlife Management WORKING ON THE WILD SIDE.
Conserving Missouri Wildlife Through CSP Bill White Missouri Department of Conservation Private Land Programs Supervisor.
Mary Sobba Agriculture Business Specialist Equitable Leases and Business Agreements.
Wildlife Management Principles. Goals What are some goals related to the management of wildlife habitats?
Role of Hunting in Wildlife Management Dr. Kenneth J. Raedeke Affiliate Professor University of Washington.
Inefficiencies in Land Markets February 22, 2006.
What you need to know before you rent your first place!
Y OU ’ RE O UTTA H ERE ! F INDING THE RIGHT LIVING SPACE FOR YOU.
Real Estate Principles and Practices Chapter 15 Property Management © 2014 OnCourse Learning.
Environmental Quality Incentives Program (EQIP) Grazing – Our Most Commonly Used Conservation Practices.
BUYING VS RENTING. BUYING Homeowner Advantages  Freedom of use  Pride of ownership  Greater Privacy  Income tax benefits  Opportunity to build credit.
Insurance Is protection for individuals against possible financial losses Provides protection against many risks such as unexpected property loss, illness.
Part 1.3 Mineral Rights & Leasing. Objectives After reading the chapter and reviewing the materials presented the students will be able to: Understand.
Conservation Easements - a basic overview. Conservation Easement Definition Voluntary legal agreement between a landowner and conservation organization.
Chapter 6 Own a Home or Car.
Renting vs. Owning The Difference Between Renting and Owning a Home.
Renting vs. Owning Family Economics and Financial Education Take Charge of your Finances.
“The central thesis of game management is this: game can be restored by the creative use of the same tools which heretofore destroyed it – axe, plow, cow,
Billy Thomas Extension Forester University of Kentucky Department of Forestry Extension.
HUNTING LEASES Agriscience 381 Wildlife and Recreation Management #8983-D TEKS: (c)(2)(C) and (c)(4)(D)
A Campaign for Forest Management. FUEL FOR THOUGHT Forest Density has Increased 30% Since 1953 Forest Mortality at a 50 Year High 73.5% of NFS Lands Need.
Wildlife Management AG-WL-2. What is Wildlife? A broad term which includes non-domesticated plants, animals, and other living things Domestication: bringing.
M ANAGING Y OUR S MALL W OODLAND : E NERGIZE Y OUR W OODLAND I NVESTMENT Indiana Watershed Leadership Academy Phil Cox and Larry Owen May 20, 2015.
Forestry-related Ordinances in Florida What are the potential influences of county and municipal ordinances on forest land retention and sustainability?
Building on the business concept and incorporating the wildlife lease as your profit tool. Learning Module #5 March 15 th 2012 Presenter: Mr. Adam Tullos.
Your First Apartment  On one side of a piece of paper make a list of everything you would want in an apartment…. cost is NOT a factor, but you may not.
Essential Standard 5.00: Understand the environmental science industry (water, soils, wildlife and forestry).
Using Alternative Enterprises and Recreational Development to Bolster Farm Incomes Learning Module #1 February 16 th 2012 Presenter: Mr. Adam Tullos Mississippi.
Chapter 5 Sound Management 1. Sound Management Defined Sound management is a program of production designed to obtain the greatest net return from the.
How to Protect and Preserve Your Agricultural Land.
Alternative Enterprises For Landowners Mark Megalos, NCSU Extension Assoc. Professor.
Agriculture Liability Agribusiness. Do Good Fences really make Good neighbors? You have an old barn on your property that has many lose board on it and.
Wildlife Laws Alabama Hunter Education Program.
Using Alternative Enterprises and Recreational Development to Bolster Farm Incomes Learning Module #2 February 23 rd 2012 Presenter: Mr. Adam Tullos Mississippi.
NATURAL GAS LEASES Understanding Your Rights Protecting Your Interests Agricultural Law Resource and Reference Center Ross H. Pifer, J.D., LL.M., Director.
Y OU ’ RE O UTTA H ERE ! 4.1 F INDING THE RIGHT LIVING SPACE FOR YOU !
Wildlife Introduction South Gibson Co. Wildlife / NRM.
Livestock Wildlife Interactions. Introduction Important concerns Competition - forages, water, cover Income opportunities How landowners can make wildlife.
1 Chapter 16: Accounting for Leases Fundamentals of Intermediate Accounting Weygandt, Kieso and Warfield Prepared by Bonnie Harrison, College of Southern.
 Necessary materials: PowerPoint Guide Teacher Information!
2.02 Financial and Legal Aspects of Renting. Landlord Owner of the Property Expects the following from tenant: –Rent to be paid on time –Keep the property.
Michigan Commission of Agriculture September 16, 2009 Climate Change and the Farm.
Real Estate Principles and Practices Chapter 15 Property Management © 2010 by South-Western, Cengage Learning.
Leasing Out Buffer Strips for Hunting Dr. Joe Parcell Ag. Economist, University of Missouri 2001 Bootheel Irrigation Conf. & Tradeshow.
Mary Sobba Ag Business Specialist (573)
Mary Sobba MU Extension Ag Business Specialist (573)
IAS 17 (revised) A lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset.
David R. Jackson Penn State Cooperative Extension February 10, 2009 “I Have Timber to Sell” Timber Sales and Marketing.
Land Protection. Conservation Restriction (CR) Voluntary legal agreement that protects land forever from being developed.
The Economics of Deer Management By: Emily Touchton, Corrie Williams, Brad Crosby, Garrett Strawder Lowndes Co. High School Dr. James Corbett, Agriculture.
Renting vs. Buying Housing
Wildlife Introduction
Recreational Land Use Liability
Management of Future Whitetails
Inefficiencies in Land Markets
Intermediate Accounting, 10th Edition, Ch. 22 (Kieso et al.)
What Every Broker Should Know About
Montana Fish, Wildlife and Parks Perspective
Wildlife Introduction
Kentucky Fish and Wildlife Department
Presentation transcript:

College of Agriculture, Food, and Natural Resources Missouri Lease Hunting/Fishing Arrangements (& Wildlife Watchers) Joe Parcell Department of Agricultural Economics, University of Missouri - Columbia

College of Agriculture, Food, and Natural Resources Lease Hunting 4 Provides landowners the opportunity to supplement their income while enhancing wildlife habitat on their property 4 Recreational Lease l agreement between a person who controls access to the property and person who wishes to use the property for recreational use

College of Agriculture, Food, and Natural Resources

Hunting Equipment 4 Hunting Coat 4 Hunting Pants 4 Hunting Hat 4 Dog 4 Gun 4 4-wheeler 4 Truck

College of Agriculture, Food, and Natural Resources Note: 4 Native wildlife cannot be leased or sold by a landowner because it is publicly owned by the state. 4 The public owns it, but... l private land managers control wildlife populations

College of Agriculture, Food, and Natural Resources The Leasing Process 4 What sportsman look for in a hunting lease: l Less competition from other hunters l Abundant game densities l An atmosphere in which they feel welcome l Safety l Convenience or close to home l Potential trophy quality game l Convenient, comfortable and dependable lodging

College of Agriculture, Food, and Natural Resources Liability 4 Landowner should: l inspect property for hazards l inform lessee of hazards l adequate liability coverage l have lessee sign a proper written agreement with a liability waiver l monitor actions of lessee

College of Agriculture, Food, and Natural Resources Liability 4 When landowner accepts a fee for hunting on their property, they take on legal responsibility for the safety of the hunters. l The paying hunter becomes the “invitee” l Missouri law states that landowners have a “duty of ordinary and reasonable care” to their invitees

College of Agriculture, Food, and Natural Resources The Liability Cost 4 $1,000,000 Umbrella Liability policy 4 It has been suggested that $500,000 is sufficient, but... l the cost of $500 K and $1 mil may not be that much different 4 Check with your insurance sales person

College of Agriculture, Food, and Natural Resources Cost - Benefit Analysis 4 Cost are generally minimal in a simple lease l Legal fee to review the lease l Additional insurance premiums l Landowners time to: write contract interview lessee analyze harvest information monitor lessee

College of Agriculture, Food, and Natural Resources Habitat Enhancement 4 “The Better the Experience, the More Hunters are willing to Pay” 4 Habitat management through: l brush control planting perennial grasses l choice of crops tillage l timber management burning l weed control

College of Agriculture, Food, and Natural Resources Fee Hunting Income Potential

College of Agriculture, Food, and Natural Resources Cost - Benefit 4 Minimum cost - $200 4 Charge $3/acre 4 Conclusion: l minimum 70 acres to breakeven

College of Agriculture, Food, and Natural Resources Cost - Benefit 4 Example l $3.00/acre hunt lease, $100 insurance, $50 legal fee, & $50 in landowner time l suppose you leave filter strip around 300 acre corn field 4 acres out of production l Corn price$2.30$2.50$2.70$2.80 l Net return from corn-$44 $36 $116 $196 l Lease net value$700 $700 $700 $700 l difference$744 $664 $584 $504

College of Agriculture, Food, and Natural Resources Marketing 4 What game are you going to market? 4 Who is your target market? 4 How will you advertise?

College of Agriculture, Food, and Natural Resources What game are you going to market?

College of Agriculture, Food, and Natural Resources Deer Harvest in Central Missouri (10 districts reporting)

College of Agriculture, Food, and Natural Resources Source: MDC Not surveyed > 2.0

College of Agriculture, Food, and Natural Resources Source: MDC > Not surveyed

College of Agriculture, Food, and Natural Resources Source: MDC < 1.0 Not surveyed

College of Agriculture, Food, and Natural Resources Source: MDC Missouri Dove Density

College of Agriculture, Food, and Natural Resources Source: MDC Missouri Turkey Density

College of Agriculture, Food, and Natural Resources Who is your target market?

College of Agriculture, Food, and Natural Resources Game Bird Hunting 4 19,341 pheasant hunters in Missouri in ,995 quail hunters in Missouri in 1998

College of Agriculture, Food, and Natural Resources Turkey Licenses sold in Missouri Source: MDC

College of Agriculture, Food, and Natural Resources

206,000 in age group

College of Agriculture, Food, and Natural Resources 793,000 in age group

College of Agriculture, Food, and Natural Resources 1,900,000 in age group

College of Agriculture, Food, and Natural Resources Advertising 4 Newspaper add l Suggested beginning at 45 days prior to season 4 Internet

College of Agriculture, Food, and Natural Resources The Lease

College of Agriculture, Food, and Natural Resources Types of leases 4 Year-round l Most year-round leases convey exclusive rights to specified recreational activities 4 Limited duration l Most seasonal leases convey exclusive rights to the specified recreational activities during the term of the agreement. 4 Day Hunting

College of Agriculture, Food, and Natural Resources Types of leases 4 Guided Hunts 4 General recreational lease l Activities such as fishing, camping, hiking, or wildlife observation

College of Agriculture, Food, and Natural Resources Every Written Lease Needs: l Description of the recreational rights, services and facilities being leased l Names of the lessor and lessees involved l Description of the property being leased l Species to be hunted l Terms of payment l Duration of the lease l Definition of who has recreational rights l Signatures

College of Agriculture, Food, and Natural Resources Other Considerations

College of Agriculture, Food, and Natural Resources Miscellaneous 4 Owner retains hunting rights for family/friends 4 Hunters record game harvest 4 If lessee builds a shelter l who provides the utilities? l who owns it?

College of Agriculture, Food, and Natural Resources Care of Property 4 Access to hunting areas/Parking/When vehicles are allowed over fields 4 Improvements allowed to the lessee 4 Rules on opening and closing gates

College of Agriculture, Food, and Natural Resources Care of Property 4 Restrictions on fires and cook stoves 4 Trash removal 4 Use of buildings, toilet facilities and water 4 Tree cutting

College of Agriculture, Food, and Natural Resources Additional Benefits 4 Allows landowner to have someone monitor land for trespass problems 4 Lessee may be willing to exchange recreational rights for helping out on the property l Example Given hunting rights for a year in return for helping paint a building

College of Agriculture, Food, and Natural Resources Conclusions 4 Economic value 4 Liability 4 Market