Household willingness to pay and farmers' willingness to accept compensation for establishing a recreational Woodland

Bateman, I.J., Diamand, E., Langford, I.H. and Jones, A. (1996) Household willingness to pay and farmers' willingness to accept compensation for establishing a recreational Woodland. Journal of Environmental Planning and Management, 39 (1). pp. 21-43. ISSN 0964-0568

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Abstract

The UK Forestry Commission's recently implemented Community Woodland scheme sets out to provide new recreational woodland facilities near to towns and cities where such resources are in short supply. This study examines household willingness to pay (WTP) for such a proposed woodland by means of the contingent valuation (CV) method. A stratified sample of 325 households in Wantage, Oxfordshire, was interviewed and asked to state both their annual and per-visit WTP. Analysis of a number of recognized potential biases suggested that the results obtained must be treated with caution although we argue that the CV provides a useful ballpark indication of preferences. A simultaneous CV survey of farmers' willingness to accept compensation for converting agricultural land into woodland proved to be far more robust, despite a small sample size. We conclude that farmers are more familiar with the concept of assessing potential compensation than are households with estimating hypothetical payments for increased provision of public goods.

Item Type: Article
Uncontrolled Keywords: community woodland scheme,compensation,contingent valuation,environmental economics,farmers' attitudes,methodological approach,recreational woodland,willingness to pay
Faculty \ School:
Faculty of Science > School of Environmental Sciences
Related URLs:
Depositing User: Pure Connector
Date Deposited: 02 Feb 2015 16:36
Last Modified: 21 Apr 2020 23:44
URI: https://ueaeprints.uea.ac.uk/id/eprint/51700
DOI:

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