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Targeting Investments To Cost Effectively Restore and Protect Wetland Ecosystems: Some Economic Insights

Author

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  • Hansen, LeRoy
  • Hellerstein, Daniel
  • Ribaudo, Marc
  • Williamson, James
  • Nulph, David
  • Loesch, Charles
  • Crumpton, William

Abstract

USDA has spent more than $4.2 billion on wetland restoration and protection over the last two decades. One challenge in allocating these funds is the lack of information on variations in wetland benefits and costs across the Nation. This report discusses the biophysical impacts of new wetlands for eight benefit categories: duck hunting, carbon sequestration, flood protection, nitrogen removal, species protection, open space, sediment removal, and groundwater recharge, as well as the value of these impacts for some categories. In addition, it presents county-level estimates of the costs of restoring and preserving wetlands for some parts of the United States. Although the estimates range in precision and are not comprehensive, they call attention to some areas where the benefits of new wetlands are likely to exceed costs or perhaps may be insignificant. For example, the benefits of restoring and preserving wetlands near the Missouri River in central North and South Dakota are likely to exceed costs. Findings underscore the need for additional information that may increase the number, accuracy, and spatial resolution of wetland benefit estimates.

Suggested Citation

  • Hansen, LeRoy & Hellerstein, Daniel & Ribaudo, Marc & Williamson, James & Nulph, David & Loesch, Charles & Crumpton, William, 2015. "Targeting Investments To Cost Effectively Restore and Protect Wetland Ecosystems: Some Economic Insights," Economic Research Report 199283, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uersrr:199283
    DOI: 10.22004/ag.econ.199283
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    Cited by:

    1. Hoque, Mohammad Mainul, 2015. "Essays on natural resources and labor economics," ISU General Staff Papers 201501010800005583, Iowa State University, Department of Economics.
    2. repec:ags:aaea22:335440 is not listed on IDEAS
    3. Kaitlin E. Kelly & Ken Belcher & Mohammad Khakbazan, 2018. "Economic Targeting of Agricultural Beneficial Management Practices to Address Phosphorus Runoff in Manitoba," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 66(1), pages 143-166, March.
    4. Ruiqing Miao & David A. Hennessy & Hongli Feng, 2022. "Grassland easement evaluation and acquisition with uncertain conversion and conservation returns," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 70(1), pages 41-61, March.

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    Keywords

    Environmental Economics and Policy; Land Economics/Use; Resource /Energy Economics and Policy;
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