The Value of EU Agricultural Landscape
The present paper provides a meta-analysis of agricultural landscape valuation studies and through the estimated benefit transfer function it projects the value of EU landscape. The analyses are based on information from more than thirty European and Non-European studies which use stated preference approach to uncover the society's willingness to pay (WTP) for landscape. Our calculations show that, the per hectare WTP in EU varies between 89 and 169 €/ha with an average value of 142 €/ha in 2009. Further the calculations indicate that the total value of EU landscape in 2009 is estimated to be in the range of €16.1 – 30.8 billion per year, with an average of €25.8 billion, representing around 7.5 percent of the total value of EU agricultural production and roughly half of the CAP expenditures.
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