To complete economic analysis of range improvements completed on the Oak Creek Management area of central Utah, we needed an estimate of the value of forage. A review of the literature revealed several methods of estimating forage values. These methods yielded eight estimates of public rangeland forage ranging from $1.23 to $30 per animal unit month (AUM). Six of the estimates were based on actual market transactions or current administered prices and were the most reflective of actual economic processes. The best estimates of value were those for leasing similar rangeland in the immediate area.
United States Department of Agriculture, Forest Service, "Finding the Appropriate Forage Value for Analyzing the Feasibility of Public Range Improvements" (1987). Range Management Plans (UT). Paper 1.