Hunting ventures could add income to the ranch
In tough market conditions, it can be tempting for crop and livestock producers to try to squeeze just a bit more production out of the land.
However, according to Jimmy Doyle, SDSU Extension Natural Resource Management Field Specialist, these incremental increases in production often come at the cost of increasingly expensive inputs and may jeopardize the long-term health of your natural resources.
“I encourage agriculture producers to use the current conditions as an opportunity to prioritize wildlife and habitat conservation and be creative about how these often untapped resources can be used to provide additional income during the lean years,” suggested Doyle.
Hunting Ventures & Additional Income
Doyle said hunting is an obvious starting point when considering how to earn additional income from natural resources. Beyond that initial point, he said it quickly becomes complicated.
“Hunting ventures, like any other enterprise, exist on a wide spectrum of inputs and profitability,” Doyle explained. “The potential for profit varies widely with how much labor, infrastructure and marketing effort you are willing to commit.”
Some of the options Doyle outlined below (generally in order of low to high input/income) include:
* Public access leases – administered through programs such as Game, Fish and Parks’ Walk-In Area program. These require very little input on the part of the landowner.
* Private leases – may lease hunting rights to individuals, groups of individuals, or to outfitters to guide hunters.
* Self-guided/semi-guided hunts – may offer services such as maps and tour of the property, hunting locations, lodging and meals.
* Fully guided hunts – offers an expanded level of service, room and board may also be offered. This requires the highest level of investment in terms of infrastructure, labor, and marketing.
“As with any other enterprise, producers should take stock of their current resources to identify potential strengths and weaknesses for a hunting enterprise,” said Doyle.
He begins with a short list of questions:
What wildlife species are present?
What are the limiting resources for your focal species of wildlife, and how will you address those?
How would a hunting operation fit in with your current production cycle and labor demands?
Do you have a spare house on the property that could be used for lodging, or do you need to build a million-dollar lodge?
Will this be a side enterprise or do you expect to turn this into a focal point of your operation?
“Addressing these types of questions can help you decide on the best way to proceed with a wildlife based enterprise on your farm or ranch,” he said.
Like anything else in agriculture, Doyle said producers aren’t likely to find a quick buck in hunting. “But it can help provide additional income and a buffer against volatile commodity markets,” he said. “This may require a shift in management, but the end result may be increased wildlife populations for South Dakotans, productive working lands, and economically viable farms and ranches.”
For more information on how conservation can benefit your bottom line, contact Doyle at email@example.com or contact your local South Dakota Game, Fish and Parks office, the U.S. Fish and Wildlife Service or other conservation organizations.