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AN ECONOMIC ASSESSMENT OF WETLAND MITIGATION IN NORTHWEST MINNESOTA AgEcon
Sip, Robert L.; Leitch, Jay A.; Meyer, Aaron J..
The economic efficiency of wetland mitigation in Minnesota's Red River Valley was examined using the Minnesota Routine Assessment Method on ten wetland case studies to rate the functions of impacted and replacement wetlands. Secondary sources were used to assign dollar values to wetland functions of impacted and replacement wetlands. Mitigation costs for projects ranged from $279 to $4,171 per acre. Estimated annual social values ranged from $207 to $1,027 per acre for impacted wetlands and from $268 to $927 per acre for replacement wetlands. Social values of replacement wetlands exceeded the social value of impacted wetlands in seven cases. Values of replacement wetlands were 1.8 to 4 times greater than the values of impacted wetlands due to 2-to-1...
Tipo: Working or Discussion Paper Palavras-chave: Wetland(s); Mitigation; Economics; Values; Minnesota; Red River; Wetland Conservation Act; Minnesota Routine Assessment Method; Restoration; Land Economics/Use.
Ano: 1998 URL: http://purl.umn.edu/23477
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AN INQUIRY INTO THE RELATIONSHIP OF WETLAND REGULATIONS AND PROPERTY VALUES IN MINNESOTA AgEcon
Holtman, Charles; Taff, Steven J.; Meyer, Aaron J.; Leitch, Jay A..
Ownership in property can be thought of as ownership of the rights to the "incomes" associated with different uses of the property. Each potential use has a separate economic value, which can be ranked if put into money terms. The property's market value is usually held to be the highest income on that ranking. Wetland protection regulations might shift the ownership of some of these rights from private to public entities or restrict the exercise of some rights. This can result in a reduction of the property's market value, if the regulation precludes access to the income from the highest ranking use. A regulation can never increase the economic value of a property from the owner's perspective. Whether or not a reduction in property value is considered...
Tipo: Working or Discussion Paper Palavras-chave: Land Economics/Use.
Ano: 1996 URL: http://purl.umn.edu/13816
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CHARACTERISTICS, EXPENDITURES, AND ECONOMIC IMPACT OF RESIDENT AND NONRESIDENT HUNTERS AND ANGLERS IN NORTH DAKOTA, 1996-97, SEASON AND TRENDS AgEcon
Lewis, Tina D.; Leitch, Jay A.; Meyer, Aaron J..
Wildlife-related recreation is an important source of economic activity in North Dakota. Using primary, survey-based data, the expenditures and economic impacts of hunters and anglers were summarized for the 1996 hunting/fishing seasons. Total resident and nonresident expenditures (including cost of licenses and additional nonresident expenditures not related to hunting/angling) came to $594 million. Almost $144 million of total expenditures was spent in rural areas by nonresidents and urban residents. Resident and nonresident hunters and anglers generated $1.6 billion in total business activity, $250 million in retail trade sales, $393 million in personal income, and supported over 21,000 jobs. These results suggest that North Dakota's resident and...
Tipo: Working or Discussion Paper Palavras-chave: Hunter; Angler; Expenditures; Impact; North Dakota; Nonresident; Resource /Energy Economics and Policy.
Ano: 1998 URL: http://purl.umn.edu/23385
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