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Nonmarket Value Of Western Valley Ranchland Using Contingent Valuation

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  • Rosenberger, Randall S.
  • Walsh, Richard G.

Abstract

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.

Suggested Citation

  • Rosenberger, Randall S. & Walsh, Richard G., 1997. "Nonmarket Value Of Western Valley Ranchland Using Contingent Valuation," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(2), pages 1-14, December.
    • Handle: RePEc:ags:jlaare:30856
    DOI: 10.22004/ag.econ.30856
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    Cited by:

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    2. Pavel CIAIAN & Sergio GOMEZ y PALOMA, 2011. "The Value of EU Agricultural Landscape," JRC Research Reports JRC65456, Joint Research Centre.
    3. John C. Bergstrom & Richard C. Ready, 2009. "What Have We Learned from Over 20 Years of Farmland Amenity Valuation Research in North America?," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1), pages 21-49.
    4. Hailu, Yohannes G. & Brown, Cheryl, 2007. "Regional Growth Impacts on Agricultural Land Development: A Spatial Model for Three States," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), pages 1-15, April.
    5. Pavel Ciaian & Sergio Gomez y Paloma, 2011. "Valuation of EU Agricultural Landscape," EERI Research Paper Series EERI_RP_2011_20, Economics and Econometrics Research Institute (EERI), Brussels.
    6. Duke, Joshua M. & Aull-Hyde, Rhonda, 2002. "Identifying public preferences for land preservation using the analytic hierarchy process," Ecological Economics, Elsevier, vol. 42(1-2), pages 131-145, August.
    7. Bockarjova, Marija & Botzen, Wouter J.W. & Koetse, Mark J., 2020. "Economic valuation of green and blue nature in cities: A meta-analysis," Ecological Economics, Elsevier, vol. 169(C).
    8. Margot Lutzenhiser & Noelwah R. Netusil, 2001. "The Effect Of Open Spaces On A Home'S Sale Price," Contemporary Economic Policy, Western Economic Association International, vol. 19(3), pages 291-298, July.
    9. Bergstrom, John C., 2001. "The Role and Value of Natural Capital in Regional Landscapes," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 33(2), pages 283-296, August.
    10. Kevin Boyle & Semra Özdemir, 2009. "Convergent Validity of Attribute-Based, Choice Questions in Stated-Preference Studies," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 42(2), pages 247-264, February.
    11. Bergstrom, John, 1999. "Exploring and Expanding the Landscape Values Terrain," Western Region Archives 321704, Western Region - Western Extension Directors Association (WEDA).
    12. Bryden, John Marshall & Arandia Miura, Amaia & Johnson, Thomas G., 2008. "Theoretical And Policy Background To The Top-Mard Project (Towards A Policy Model Of Multifunctional Agriculture And Rural Development)," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6396, European Association of Agricultural Economists.
    13. Banzhaf, H. Spencer, 2009. "Economics at the Fringe: Non-Market Valuation Studies and their Role in Land Use Plans in the United States," MPRA Paper 101193, University Library of Munich, Germany.
    14. Lynch, Lori & Duke, Joshua M., 2007. "Economic Benefits of Farmland Preservation: Evidence from the United States," Working Papers 7342, University of Maryland, Department of Agricultural and Resource Economics.
    15. Elena Cruz-Ruiz & Gorka Zamarreño-Aramendia & Elena Ruiz-Romero de la Cruz, 2020. "Key Elements for the Design of a Wine Route. The Case of La Axarquía in Málaga (Spain)," Sustainability, MDPI, vol. 12(21), pages 1-19, November.
    16. Bergstrom, John C., 1998. "Exploring And Expanding The Landscape Values Terrain," Faculty Series 16653, University of Georgia, Department of Agricultural and Applied Economics.
    17. Nzaku, Kilungu & Bukenya, James O., 2005. "Economic Analysis Of Agricultural Land Conversion In The Southeast," 2005 Annual meeting, July 24-27, Providence, RI 19456, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    18. Foronda-Robles Concepcion, 2018. "The territorial redefinition of the Vineyard Landscape in the sherry wine region (Spain)," Miscellanea Geographica. Regional Studies on Development, Sciendo, vol. 22(2), pages 95-101, June.
    19. Hellerstein, Daniel & Nickerson, Cynthia J. & Cooper, Joseph C. & Feather, Peter & Gadsby, Dwight M. & Mullarkey, Daniel J. & Tegene, Abebayehu & Barnard, Charles H., 2002. "Farmland Protection: The Role Of Public Preferences For Rural Amenities," Agricultural Economic Reports 33963, United States Department of Agriculture, Economic Research Service.
    20. Xin Yang & Anlu Zhang & Fan Zhang, 2019. "Farmers’ Heterogeneous Willingness to Pay for Farmland Non-Market Goods and Services on the Basis of a Mixed Logit Model—A Case Study of Wuhan, China," IJERPH, MDPI, vol. 16(20), pages 1-14, October.
    21. Jeffrey O. Sundberg, 2006. "Private Provision of a Public Good: Land Trust Membership," Land Economics, University of Wisconsin Press, vol. 82(3), pages 353-366.
    22. Bergstrom, John C., 2001. "Postproductivism And Rural Land Values," Faculty Series 16689, University of Georgia, Department of Agricultural and Applied Economics.
    23. Skaggs, Rhonda K. & Harper, Wilmer M., 1999. "Predicting Land Purchase Behavior In A Fast Growth, Intensely Agricultural County," 1999 Annual Meeting, July 11-14, 1999, Fargo, ND 35711, Western Agricultural Economics Association.

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