Forest Industry Hunt-lease Programs in the South: Economic Implications

Selected characteristics of forest industry hunt lease programs in the southern United States were evaluated for the 1994 calendar year. Results were compared with earlier similar surveys. Respondents owned 9,198,217 ha and leased 5,935,935 ha (64.5%) to hunt clubs and individuals. Estimated revenues generated from lease fees were about $40 million based on an average annual fee of $6.82 per hectare. Ninety-one percent of the respondents reported that they considered income from leases in their economic analyses and investment decisions which indicates an increasing awareness of the economic value of leasing. Utilization of the leased lands by lessees has increased over the last 5 years.