Skip to Main Content
Measuring rural homeowners' willingness to pay for land conservation easementsAuthor(s): Seong-Hoon Cho; David H. Newman; J. Michael Bowker
Source: Forest Policy and Economics, 7: 757-770.
Publication Series: Miscellaneous Publication
PDF: View PDF (272 KB)
DescriptionRapid growth of rural communities in the Blue Ridge Mountains of Macon County, North Carolina has been giving rise to concerns over declining environmental quality and increasing need for land-use policy. This paper examines willingness to pay (WTP) for hypothetical conservation easements as an alternative land-use policy for the county. Despite the fact that Macon County has struggled to adopt any land-use policy, the stated WTP for conservation easements of our study shows that homeowners potentially value the use of conservation easements. Estimated household’s WTP to participate in an easement program ranges from $10.97 to $21.79 per year per household depending on modeling assumptions. Aggregate county WTP ranges from $360,772 to $109,825 depending on aggregation stance. This suggests a range of 53–175 acres entering the program per year, and a consequent decline in the rate of land conversion, compared to the 1987–1997 period, of 14–46%.
- You may send email to email@example.com to request a hard copy of this publication.
- (Please specify exactly which publication you are requesting and your mailing address.)
- We recommend that you also print this page and attach it to the printout of the article, to retain the full citation information.
- This article was written and prepared by U.S. Government employees on official time, and is therefore in the public domain.
CitationCho, Seong-Hoon; Newman, David H.; Bowker, J. Michael. 2005. Measuring rural homeowners'' willingness to pay for land conservation easements. Forest Policy and Economics, 7: 757-770.
KeywordsWTP, willingness to pay, land conservation easements, tobit, heckit, CVM, contingent valuation method
- Modeling willingness to pay for land conservation easements: treatment of zero and protest bids and application and policy implications
- Moving beyond the exchange value in the nonmarket valuation of ecosystem services
- Oak woodland economics: a contingent valuation of conversion alternatives
XML: View XML