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    • Journal of Range Management, Volume 44 (1991)
    • Journal of Range Management, Volume 44, Number 6 (November 1991)
    • View Item
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    Economic feasibility and management considerations in range revegetation

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    Author
    Workman, J. P.
    Tanaka, J. A.
    Issue Date
    1991-11-01
    Keywords
    cost-benefit analysis
    land restoration
    range management
    
    Metadata
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    Citation
    Workman, J. P., & Tanaka, J. A. (1991). Economic feasibility and management considerations in range revegetation. Journal of Range Management, 44(6), 566-573.
    Publisher
    Society for Range Management
    Journal
    Journal of Range Management
    URI
    http://hdl.handle.net/10150/644695
    DOI
    10.2307/4003037
    Additional Links
    https://rangelands.org/
    Abstract
    Although range researchers and managers involved in range revegetation often have little economics training, economic analysis is usually a crucial step in range revegetation decisions. This synthesis paper is intended to provide a useful background in economic analysis for teachers, students, and natural resource professionals who deal with range revegetation. First, 3 economic standards by which all revegetation projects must be judged are described and interpreted: (1) economic feasibility, (2) economic efficiency, and/or (3) cost effectiveness. Next, the information required for economic analysis and the analytical procedures used to evaluate range revegetation projects are described. A detailed reseeding example is then used to describe the following information requirements: project costs, benefits, value of benefits, interest rate (including real vs. nominal rates), risk, project life (including life extension and grazing deferment), and range site selected for revegetation. Last, procedures for determining optimal vegetation conversion and use are reviewed, emphasizing the vegetation response function as the key to balancing the 3 determinants of long-term net returns: initial vegetation conversion, grazing intensity, and project life.
    Type
    text
    Article
    Language
    en
    ISSN
    0022-409X
    ae974a485f413a2113503eed53cd6c53
    10.2307/4003037
    Scopus Count
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    Journal of Range Management, Volume 44, Number 6 (November 1991)

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