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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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