Using Value Estimates to Weigh the Costs and Benefits of Land Use Decisions
By Sara Delheimer, Multistate Research Fund Impacts Program
“In addition to natural resources like timber, food, and oil, ecosystems provide important services, such as fresh air, clean water, biodiversity, recreation, and carbon sequestration. Unlike resources that are bought and sold in markets, these services are harder to assign monetary value. Putting a price on ecosystem services makes it easier to weigh the costs and benefits of proposed plans and make decisions that balance economic growth and environmental quality, resource use and conservation, and public and private benefits.” Read more.
This article was published in the Western Rural Development Center’s Rural Connections Fall 2018.