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Price-based Valuation of Rice Genetic Diversity in Nepal

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  • Pant, Krishna Prasad
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    Abstract

    The study valuates different useful traits of rice landraces in Nepal to demonstration an empirical methodology for biodiversity valuation. A sample of 200 rice growers in hills and plain area was surveyed for the production of different landraces and their market price. For estimating the value put by the consumers on different rice traits a hedonic pricing model was used to disaggregate the prices paid by the consumers for different useful traits of rice. For estimating derived demand of seeds with different useful traits by the farmers, a contingent valuation method is employed. The results show that the consumers value Rs 11 billion per annum for aromatic trait and rupees two billion for tasty trait. The findings of the study will be helpful to prepare market based strategies for rice biodiversity conservation.

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    Bibliographic Info

    Paper provided by International Association of Agricultural Economists in its series 2009 Conference, August 16-22, 2009, Beijing, China with number 51642.

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    Date of creation: 2009
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    Handle: RePEc:ags:iaae09:51642

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    Web page: http://www.iaae-agecon.org/
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    Related research

    Keywords: agro biodiversity; rice landrace; biodiversity valuation; Consumer/Household Economics; Environmental Economics and Policy; Q57; Q51;

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    1. Yoshitsugu Kanemoto, 1985. "Hedonic Prices and the Benefits of Public Projects," Working Papers 617, Queen's University, Department of Economics.
    2. Dalton, Timothy J., 2003. "A Hedonic Model Of Rice Traits: Economic Values From Farmers In West Africa," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25804, International Association of Agricultural Economists.
    3. Nelson, Jon P., 1978. "Residential choice, hedonic prices, and the demand for urban air quality," Journal of Urban Economics, Elsevier, vol. 5(3), pages 357-369, July.
    4. Portney, Paul R., 1981. "Housing prices, health effects, and valuing reductions in risk of death," Journal of Environmental Economics and Management, Elsevier, vol. 8(1), pages 72-78, March.
    5. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
    6. Freeman, A Myrick, III, 1974. "Air Pollution and Property Values: A Further Comment," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 554-56, November.
    7. Burgess, James F, Jr & Harmon, Oskar R, 1991. "Specification Tests in Hedonic Models," The Journal of Real Estate Finance and Economics, Springer, vol. 4(4), pages 375-93, December.
    8. Murdoch, James C. & Thayer, Mark A., 1988. "Hedonic price estimation of variable urban air quality," Journal of Environmental Economics and Management, Elsevier, vol. 15(2), pages 143-146, June.
    9. Myrick Freeman, A. III, 1974. "On estimating air pollution control benefits from land value studies," Journal of Environmental Economics and Management, Elsevier, vol. 1(1), pages 74-83, May.
    10. Lind, Robert C, 1973. "Spatial Equilibrium, the Theory of Rents, and the Measurement of Benefits from Public Programs," The Quarterly Journal of Economics, MIT Press, vol. 87(2), pages 188-207, May.
    11. Mitchell Polinsky, A. & Shavell, Steven, 1976. "Amenities and property values in a model of an urban area," Journal of Public Economics, Elsevier, vol. 5(1-2), pages 119-129.
    12. Anderson, Robert J, Jr & Crocker, Thomas D, 1972. "Air Pollution and Property Values: A Reply," The Review of Economics and Statistics, MIT Press, vol. 54(4), pages 470-73, November.
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