Economic Analysis of Indemnity Payments for Wolf Depredation on Cattle in a Wolf Reintroduction Area

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" Economic Analysis of Indemnity Payments for Wolf Depredation on Cattle in a Wolf Reintroduction Area "
Anderson, Aaron; Gebhardt, Karen; Kirkpatrick, Katy N.; Bergman, David L.; Shwiff, Stephanie A.

Document Type	:	AL
Record Number	:	943847
Doc. No	:	LA1qz546kt
Language of Document	:	English
Main Entry	:	Anderson, Aaron; Gebhardt, Karen; Kirkpatrick, Katy N.; Bergman, David L.; Shwiff, Stephanie A.
Title & Author	:	Economic Analysis of Indemnity Payments for Wolf Depredation on Cattle in a Wolf Reintroduction Area [Article]\ Anderson, Aaron; Gebhardt, Karen; Kirkpatrick, Katy N.; Bergman, David L.; Shwiff, Stephanie A.
Title of Periodical	:	Proceedings of the Vertebrate Pest Conference
Volume/ Issue Number	:	26
Date	:	2014
Abstract	:	Mexican gray wolves were reintroduced into New Mexico and Arizona in 1998. When wolves kill a producing cow, ranchers in the region are eligible to receive an indemnity payment equal to the market value of the lost animal. We developed a model that allows estimation of the present value of the revenue stream that a cow or herd provides and find that if a producing cow is killed, the decrease in the present value of the rancher’s revenue stream is about