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The Impact of Reclamation on Acceptable Strip Mining Royalty Payments*

Published online by Cambridge University Press:  28 April 2015

John Otte ,
Michael Boehlje  and
Lowell Catlett
John Otte
Affiliation:
University of Florida, Gainesville, Florida
Michael Boehlje
Affiliation:
University of Florida, Gainesville, Florida
Lowell Catlett
Affiliation:
Department of Economics, Iowa State University, Ames, Iowa
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Extract

Rapid increases in energy prices, federal policies of energy independence and further projections of energy shortages are encouraging development of sources of energy such as strip mining for coal. A key issue faced by the owner of surface and sub-surface (mineral) rights to land is determination of the price or fee (royalty) that should be extracted from a miner who wants access to the subsurface resource. This is a crucial problem because productivity and income potential of the surface resource may be altered during the mining process. Although extracting coal through strip mining is an obvious example of this phenomenon, the same issue is confronted in surface extraction of other minerals or in placement of easements or restrictions on land use options available to surface property-right owners.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 9 , Issue 2 , December 1977 , pp. 29 - 36
Copyright
Copyright © Southern Agricultural Economics Association 1977

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Footnotes

*

Journal Paper No. J-9005 of the Iowa Agriculture and Home Economics Experiment Station, Ames, Iowa. Project No. 2080.

References

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