Estimation of Costs and Benefits of the Community Rainforest Reforestation Program in North Queensland
AbstractThis paper reports the experiences in a study designed to estimate the total economic value of a reforestation program in North Queensland. The Community Rainforest Reforestation Program was commenced in 1993, with stated objectives relating to timber production, protection of degraded land, improvement in water quality and workforce training. The various perceived cost and benefit contributions of this program have been identified with the aid of surveys of landholders and local government. Estimates have been derived of program costs and, where possible, of the level of benefits within identified categories. On the basis of this analysis, the CRRP appears to be marginally justifiable in economic terms. Within the resources available for the study, some program benefits could not be valued, including the "social healing" value following the bitter local controversy over World Heritage listing, and the research value gained from growing a wide variety of species of high-quality tropical rainforest timbers in plantations.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 32 (2002)
Issue (Month): 2 (June Special Issue)
Find related papers by JEL classification:
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
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- Brent Sohngen & Robert Mendelsohn & Roger Sedjo, 1999. "Forest Management, Conservation, and Global Timber Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(1), pages 1-13.
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