An economic comparison of forest recreation, timber and carbon fixing values with agriculture in Wales: a geographical information systems approach

Bateman, Ian J. (1996) An economic comparison of forest recreation, timber and carbon fixing values with agriculture in Wales: a geographical information systems approach. PhD thesis, University of Nottingham.

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Abstract

The research examines the financial and economic viability of transferring land presently under agricultural use into multipurpose farm-forestry in Wales. Three woodland benefit streams are examined in detail: the value of open-access recreation; the production of timber and; the net carbon storage generated by afforestation. Modelling of the spatial variability determining the production of these benefits is enhanced by the novel application of a geographical information system(GIS). Monetary evaluation of non-market recreation benefits is achieved by reference to both the contingent valuation and travel cost methods with prior studies being reviewed and new work presented. By contrast carbon storage benefits are valued purely by reference to the existing literature. Both of these analyses yield social values whereas our study of timber production produces both shadow and market valuations.

Our GIS-based methodology is also applied to the modelling of agricultural values for the two major farm sectors (mainly sheep and mainly milk production) of the study area. Again both social and financial values are calculated.

By comparison of the various values estimated across the above analyses we estimate both the financial and social values associated with potential transfers of land from conventional agriculture into farm-forestry. The financial values generated by our analysis support the present low levels of conversion out of agriculture. However, the social values estimated suggest that the present situation constitutes a significant market failure, particularly in the mainly sheep farming sector where cost benefit analysis suggests that substantial net social benefits could be generated through conversions into multi-purpose woodland.

Item Type: Thesis (University of Nottingham only) (PhD)
Supervisors: Ennew, C.T.
Rayner, A.J.
Keywords: Small-scale forestry, agriculture, economic aspects, Wales, agriculture and state
Subjects: H Social sciences > HD Industries. Land use. Labor
Faculties/Schools: UK Campuses > Faculty of Social Sciences, Law and Education > School of Economics
Item ID: 11312
Depositing User: EP, Services
Date Deposited: 27 May 2010 12:48
Last Modified: 24 Sep 2016 02:06
URI: http://eprints.nottingham.ac.uk/id/eprint/11312

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