Table 5. Summary of net economic values -- per trip, per day, 

 and per WFUD 



Net Economic Value 

 Standard Cost Reported Cost 



Per Trip 38.22 108.00 



Per Day 1 20.88 54.94 



Per WFUD 2 38.79 102.06 



^ Based on sample average of 1.98 days per trip. 



2 Based on sample average of 6.46 hours hunted per day. 



Site Recreational Values 



The total recreational value of Montana hunting areas can be 

 estimated by multiplying hunting pressure (estimated total days 

 of deer hunting per year) times the values per day, shown in 

 Tables 6 and 7. This method implies that multiple destination and 

 multiple purpose trips are at least as valuable as the trips that 

 satisfy the TCM model requirements described in Section II C) 

 above. Independent evidence from Contingent Valuation Method 

 (CVM) studies suggest that this is so. Based on the benefit 

 estimates using the Gum and Martin Approach and standard cost 

 values, the total recreational value of Montana deer hunting is 

 $18 million per year (Table 5). The corresponding estimate based 

 on reported cost is $36.6 million (Table 6). The hunting 

 pressure estimates are from the DFWP ' s 1985 Deer Harvest Survey. 



27 



