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Evaluating non-industrial private forest landowner willingness to manage for forest carbon sequestration in the southern United States

Author

Listed:
  • Khanal, Puskar N.
  • Grebner, Donald L.
  • Munn, Ian A.
  • Grado, Stephen C.
  • Grala, Robert K.
  • Henderson, James E.

Abstract

Forest carbon sequestration is considered one of the most efficient strategies for climate change mitigation, and forests provide significant carbon storage in the United States. Non-industrial private forest (NIPF) ownership is the dominant ownership group in the southern US, but little is understood about landowners' willingness to manage forests for carbon sequestration. This study examines NIPF landowner willingness to delay final timber harvest for additional carbon sequestration despite unknowns about positive or negative impacts to profitability that result from carbon price fluctuations. Survey data from 735 landowners in the southern United States were used to estimate a probit model analyzing their participation behavior. Landowner willingness to participate in carbon sequestration practices was 55%, 25%, and 16% when such practices were more profitable, revenue neutral or less profitable than timber management only, respectively. Although many landowners would require a significant monetary incentive to participate in carbon sequestration, others would participate with little or no incentive. Those having recreational goals for their property were the most likely group to participate in carbon sequestration. Management changes (i.e., management plan and verification requirements) and carbon revenue were the two most important determinants of their probability of participation. In summary, this study provides a better understanding of the relationship between landowner participation and socioeconomic details, sequestration program attributes, attitudes, and behaviors. Designing education, incentive, and assistance programs that align with landowners' recreational goals would result in a low-cost carbon sequestration policy.

Suggested Citation

  • Khanal, Puskar N. & Grebner, Donald L. & Munn, Ian A. & Grado, Stephen C. & Grala, Robert K. & Henderson, James E., 2017. "Evaluating non-industrial private forest landowner willingness to manage for forest carbon sequestration in the southern United States," Forest Policy and Economics, Elsevier, vol. 75(C), pages 112-119.
  • Handle: RePEc:eee:forpol:v:75:y:2017:i:c:p:112-119
    DOI: 10.1016/j.forpol.2016.07.004
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    References listed on IDEAS

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    1. Gutierrez, Ana L. & Penn, Jerrod & Tanger, Shaun & Blazier, Michael, 2020. "Conservation Easement Landowners’ WTA Compensation to Thin their Forest," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304551, Agricultural and Applied Economics Association.
    2. Khanal, Puskar N. & Grebner, Donald L. & Straka, Thomas J. & Adams, Damian C., 2019. "Obstacles to participation in carbon sequestration for nonindustrial private forest landowners in the southern United States: A diffusion of innovations perspective," Forest Policy and Economics, Elsevier, vol. 100(C), pages 95-101.
    3. Yanyun Zhao & Yongzhi Yan & Qingfu Liu & Frank Yonghong Li, 2018. "How Willing Are Herders to Participate in Carbon Sequestration and Mitigation? An Inner Mongolian Grassland Case," Sustainability, MDPI, Open Access Journal, vol. 10(8), pages 1-10, August.

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