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Ecosystem Services and Land Rental Markets: Producer Costs of Bat Population Crashes

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  • Dale T. Manning
  • Amy Ando

Abstract

Nonmarket natural capital provides crucial inputs across the economy. We use land rental market data to calculate the welfare impacts of a change in an unpriced natural capital while accounting for spatial spillovers. We apply the welfare analysis to examine the cost of white-nose syndrome (WNS) in bats, which provide pest control services to agricultural producers. WNS, a disease that decimates bat populations, arrived in the United States in the mid-2000s. Leveraging the exogenous change in bat populations, we find that the loss of bats in a county causes land rental rates to fall by $2.84 per acre plus $1.50 per acre per neighboring county with WNS. Agricultural land falls by 1,102 acres plus 582 acres per neighboring county with WNS. As of 2017, agricultural losses from WNS were between $426 and $495 million per year. These estimates of ecosystem service values can inform public management of society’s natural capital.

Suggested Citation

  • Dale T. Manning & Amy Ando, 2022. "Ecosystem Services and Land Rental Markets: Producer Costs of Bat Population Crashes," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 9(6), pages 1235-1277.
    • Handle: RePEc:ucp:jaerec:doi:10.1086/720303
    DOI: 10.1086/720303
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    Cited by:

    1. Fenichel, Eli P. & Dean, Monica F., 2024. "Blended academic insights for biodiversity and conservation finance," Ecological Economics, Elsevier, vol. 223(C).
    2. repec:ags:aaea22:335942 is not listed on IDEAS
    3. repec:ags:aaea22:335807 is not listed on IDEAS

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