Incorporating Ecosystem Services Into Economic Assessments of Restoration Projects
Issue Date
2014-04-01Keywords
benefit–cost analysisvaluing rangeland ecosystem services
conservation and restoration practice benefits
range improvement economics
restore New Mexico
Metadata
Show full item recordCitation
Torell, L. A., Torell, G. L., & Skaggs, R. K. (2014). Incorporating Ecosystem Services Into Economic Assessments of Restoration Projects. Rangelands, 36(2), 45-51.Publisher
Society for Range ManagementJournal
RangelandsAdditional Links
https://rangelands.orgAbstract
On the Ground • Rangeland restoration projects have defied quantitative economic assessment because of a lack of data and information that document benefits. • From the literature, we assess the potential benefits of rangeland restoration efforts undertaken in New Mexico under the Restore New Mexico Project and conclude that the economic value of some of the goods and services generated are substantial, but little economic value exists for some of the ecosystem services used to justify the conservation effort. • Given the complexity in measuring changes in ecosystem services following restoration efforts, we are pessimistic about the potential of placing a quantitative economic value on many rangeland ecosystem services. Identifying the expected direction of change and relative magnitude of change may be more useful and feasible.Type
textArticle
Language
enISSN
0190-0528ae974a485f413a2113503eed53cd6c53
10.2111/RANGELANDS-D-13-00054.1