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Greenbelts in the Cornbelt: Riparian Wetlands, Intrinsic Values, and Market Failure

Author

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  • C L Lant

    (Department of Geography, Southern Illinois University at Carbondale, IL 62901-4514, USA)

  • R S Roberts

    (Department of Geography, University of Iowa, Iowa City, IA 52242, USA)

Abstract

Historical agricultural practices have severely undermined the recreational quality and ecological integrity of Midwestern streams, rivers, and reservoirs. Reestablishing riparian forest corridors would create wetland buffers partially protecting water quality and aquatic ecosystems from agricultural runoff. On the basis of an explicitly spatial market-failure model of land use in the riparian (floodplain) zone, contingent valuation survey methods are used to estimate the recreational and intrinsic benefits of improved ‘river quality’ in selected Iowa and Illinois river basins. It is found that willingness to pay for river quality is related to income and recreational participation, but not to other spatial or socioeconomic variables. Intrinsic values are found to be expressible as economic values similar to that of other public goods. Together with recreational values, they are larger on a per-acre basis, in many instances, than the production of agricultural commodities. This suggests that the purpose of programs such as the Conservation Reserve Program should be enlarged from their present focus on soil conservation to include water quality, aquatic ecosystems, and intrinsic values.

Suggested Citation

  • C L Lant & R S Roberts, 1990. "Greenbelts in the Cornbelt: Riparian Wetlands, Intrinsic Values, and Market Failure," Environment and Planning A, , vol. 22(10), pages 1375-1388, October.
    • Handle: RePEc:sae:envira:v:22:y:1990:i:10:p:1375-1388
    DOI: 10.1068/a221375
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    Citations

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    Cited by:

    1. Robert J. Johnston & Elena Y. Besedin & Benedict M. Holland, 2019. "Modeling Distance Decay Within Valuation Meta-Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 72(3), pages 657-690, March.
    2. Heimlich, Ralph E. & Wiebe, Keith D. & Claassen, Roger & Gadsby, Dwight M. & House, Robert M., 1998. "Wetlands and Agriculture: Private Interests and Public Benefits," Agricultural Economic Reports 34043, United States Department of Agriculture, Economic Research Service.
    3. Van Houtven, George & Powers, John & Pattanayak, Subhrendu K., 2007. "Valuing water quality improvements in the United States using meta-analysis: Is the glass half-full or half-empty for national policy analysis?," Resource and Energy Economics, Elsevier, vol. 29(3), pages 206-228, September.
    4. Gutrich, John J. & Hitzhusen, Fred J., 2004. "Assessing the substitutability of mitigation wetlands for natural sites: estimating restoration lag costs of wetland mitigation," Ecological Economics, Elsevier, vol. 48(4), pages 409-424, April.
    5. Robert J. Johnston & Elena Y. Besedin & Ryan Stapler, 2017. "Enhanced Geospatial Validity for Meta-analysis and Environmental Benefit Transfer: An Application to Water Quality Improvements," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(2), pages 343-375, October.
    6. Johnston, Robert J. & Besedin, Elena Y. & Ranson, Matthew H., 2006. "Characterizing the effects of valuation methodology in function-based benefits transfer," Ecological Economics, Elsevier, vol. 60(2), pages 407-419, December.
    7. Jung A Lee & Jinhyung Chon & Changwoo Ahn, 2014. "Planning Landscape Corridors in Ecological Infrastructure Using Least-Cost Path Methods Based on the Value of Ecosystem Services," Sustainability, MDPI, vol. 6(11), pages 1-22, October.

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