Publication Date
1997
Description
Economic analysis has been the traditional means by which the costs and benefits of rangeland conservation and sustained development have been identified. Conventional analysis has proved inadequate for dealing with the following realities : (1) open access in circumstances of poorly defined common-resource ownership tends to encourage over exploitation; (2) many costs of rangeland degradation involve externalities that will occur in the future; (3) the values of preservation and sustained management are substantial and can be translated into financial assistance; and (4) benefits from rangeland are not often appreciated because of lack of knowledge from rangeland. Recent approaches to economic evaluation recognize that important economic benefits can be associated with good rangeland. In some cases, economic benefits from good rangeland, through incomes from other activities than cattle grazing and through the values of environmental functions, will exceed the benefits that may derive from cattle grazing.
Citation
Tedonkeng Pamo, E, "Some Economics Problems of Range Resource Analysis in Free and Open Access Environment" (2024). IGC Proceedings (1993-2023). 2.
https://uknowledge.uky.edu/igc/1997/session30/2
Included in
Agricultural Science Commons, Agronomy and Crop Sciences Commons, Plant Biology Commons, Plant Pathology Commons, Soil Science Commons, Weed Science Commons
Some Economics Problems of Range Resource Analysis in Free and Open Access Environment
Economic analysis has been the traditional means by which the costs and benefits of rangeland conservation and sustained development have been identified. Conventional analysis has proved inadequate for dealing with the following realities : (1) open access in circumstances of poorly defined common-resource ownership tends to encourage over exploitation; (2) many costs of rangeland degradation involve externalities that will occur in the future; (3) the values of preservation and sustained management are substantial and can be translated into financial assistance; and (4) benefits from rangeland are not often appreciated because of lack of knowledge from rangeland. Recent approaches to economic evaluation recognize that important economic benefits can be associated with good rangeland. In some cases, economic benefits from good rangeland, through incomes from other activities than cattle grazing and through the values of environmental functions, will exceed the benefits that may derive from cattle grazing.
