RT Journal Article
SR Electronic
T1 Spatial Valuation of Forests’ Environmental Assets: An Application to Andalusian Silvopastoral Farms
JF Land Economics
JO Land Econ
FD University of Wisconsin Press
SP 87
OP 108
DO 10.3368/le.93.1.87
VO 93
IS 1
A1 Ovando, Paola
A1 Caparrós, Alejandro
A1 Diaz-Balteiro, Luis
A1 Pasalodos, María
A1 Beguería, Santiago
A1 Oviedo, Jose L.
A1 Montero, Gregorio
A1 Campos, Pablo
YR 2017
UL http://le.uwpress.org/content/93/1/87.abstract
AB We develop a model that estimates spatially allocated environmental asset values for the simultaneous provision of seven ecosystem services. We examine the effect of heterogeneous spatial and economic factors on asset figures, and identify potential forestry abandonment problems when continuing with forestry activity becomes unprofitable for the landowner. Our results show a relevant spatial variability according to forest species distribution and structure. We examine potential trade-offs among silvopastoral provisioning services, water, and carbon sequestration services. Results forecast the abandonment of forestry activity and quantify the significant impact of discount rates and prices on asset values. (JEL Q23, Q51)