DOES INCLUSION OF LANDOWNERS' NON-MARKET VALUES LOWER COSTS OF CREATING CARBON FOREST SINKS?

This research examines effects of various factors on farmer participation in agricultural tree plantations for economic, environmental, social and carbon-uptake purposes. Using data from a survey of Canadian agricultural landowners, a discrete choice random utility model is used to determine the probability of farmers' participation and corresponding mean willingness to accept (WTA) compensation for a tree-planting program. WTA includes positive and negative nonmarket benefits to landowners from planting trees. Estimates of WTA are less than foregone agricultural rents, but average costs of creating carbon credits still exceed their projected value under a CO2-emissions trading scheme


Issue Date:
2003
Publication Type:
Working or Discussion Paper
Record Identifier:
http://ageconsearch.umn.edu/record/18151
PURL Identifier:
http://purl.umn.edu/18151
Total Pages:
30
Series Statement:
Working Paper 2003-03




 Record created 2017-04-01, last modified 2018-01-22

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