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Title: Effect of conserving habitat for biodiversity on optimal management of non-industrial private forests in Florida

Author: Matta, Jagannadha R.; Alavalapati, Janaki R. R.; Stainback, George A.;

Date: 2008

Source: Journal of Forest Economics 15(4):223-235

Publication Series: Scientific Journal (JRNL)

Description: Healthy forests and enhanced habitat for wildlife is a growing concern among public and policy makers. These concerns have led to substantial interest in promoting various regulatory and voluntary compliance policies to further biodiversity on private forests. These policies, however, might result in additional cost to forestland owners. In this paper, we estimate the opportunity cost of adopting various biodiversity-friendly forest practices. We do this in the context of slash pine, a dominant commercial tree plantation species in Florida. Results suggest that prescribed burning, invasive species control, maintaining streamside buffer zones, and extending timber harvest beyond the optimal rotation age would significantly decrease the profitability of slash pine forestry. If the major objective of landowners is to maximize profits, results indicate that they are less likely to adopt these practices at socially desirable levels without a policy support. More specifically, results suggest that an annual payment of $38–83 per hectare is required for landowners to adopt these practices. The paper further argues that application of mere command-and-control approaches to implement these practices may result in conversion of private forests to other competitive land uses.

Keywords: Biodiversity conservation, Sustainable forestry, Profitability, Land expectation value

Publication Notes:

  • We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
  • This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.

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Citation:


Matta, Jagannadha R.; Alavalapati, Janaki R. R.; Stainback, George A. 2008. Effect of conserving habitat for biodiversity on optimal management of non-industrial private forests in Florida. Journal of Forest Economics 15(4):223-235.

 


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