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Analysing options for the Red Gum Forests along the Murray River

Author

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  • Bennett, Jeffrey W.
  • Dumsday, Robert G.
  • Gillespie, Robert

Abstract

The Victorian Environmental Assessment Council is conducting an investigation into the management of the public land River Red Gum Forests of the Murray River Valley in Victoria. In this paper the authors apply the results of an earlier Choice Modelling exercise commissioned by VEAC to estimate the non-use values of the forests. A Benefit Cost Analysis of VEAC's draft recommendations included assessment of the market and non market values associated with different River Red Gum forest management strategies. It is concluded that the use of water for environmental flows is competitive with its use for irrigation. Other economic values associated with timber harvesting, grazing and duck hunting are small in comparison with the water values.

Suggested Citation

  • Bennett, Jeffrey W. & Dumsday, Robert G. & Gillespie, Robert, 2008. "Analysing options for the Red Gum Forests along the Murray River," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6029, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare08:6029
    DOI: 10.22004/ag.econ.6029
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    Cited by:

    1. Rolfe, John & Brouwer, Roy, 2011. "Testing for value stability with a meta-analysis of choice experiments: River health in Australia," Research Reports 107744, Australian National University, Environmental Economics Research Hub.
    2. Crossman, Neville D. & Connor, Jeffrey D. & Bryan, Brett A. & Summers, David M. & Ginnivan, John, 2010. "Reconfiguring an irrigation landscape to improve provision of ecosystem services," Ecological Economics, Elsevier, vol. 69(5), pages 1031-1042, March.
    3. Leo Dobes & Jeff Bennett, 2009. "Multi-Criteria Analysis: "Good Enough" for Government Work?," Agenda - A Journal of Policy Analysis and Reform, Australian National University, College of Business and Economics, School of Economics, vol. 16(3), pages 7-30.
    4. Neville D Crossman & Jeffrey D Connor & Brett A Bryan & David A Summers & John Ginnivan, 2009. "Reconfiguring an Irrigation Landscape to Improve Provision of Ecosystem Services," Socio-Economics and the Environment in Discussion (SEED) Working Paper Series 2009-07, CSIRO Sustainable Ecosystems.

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    Keywords

    Land Economics/Use; Resource /Energy Economics and Policy;

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