NONMARKET VALUE OF WESTERN VALLEY RANCHLAND USING CONTINGENT VALUATION

With the irreversible loss of agricultural land to develop uses in certain areas, there is increased concern that land be preserved for posterity'’s sake. We estimate the nonmarket value of a ranchland protection program in the Yampa River Valley in Routt County, Colorado, including the Steamboat Springs resort. The case study builds on previous land preservation studies by adding several preferences indicators. We find that local residents’' willingness to pay is substantial, but insufficient, to justify protecting the existing quantity of valley ranchland in the study area.


Issue Date:
1997-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30856
Published in:
Journal of Agricultural and Resource Economics, Volume 22, Number 2
Page range:
296-309
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-24

Fulltext:
Download fulltext
PDF

Rate this document:

Rate this document:
1
2
3
 
(Not yet reviewed)