Estimating compensation payments for on-farm conservation of agricultural biodiversity in developing countries
Vijesh Krishna (),
Adam G. Drucker,
Unai Pascual (),
Prabhakaran T. Raghu and
Edwin Devarathna Israel King ()
Ecological Economics, 2013, vol. 87, issue C, 110-123
This paper examines the role of direct compensation payments for agrobiodiversity conservation, using minor millet landraces in India as an example. The cost of farmer participation in a hypothetical ‘payments for agrobiodiversity conservation services’ (PACS) scheme is estimated using a stated preference valuation approach. Significant inter-crop and inter-varietal differences are observed with respect to consumption values, upon which the compensation demanded by farm households is shown to primarily depend. Drawing on a categorisation of consumption values and farmer preferences, the paper points to the importance of simultaneously considering a range of potential interventions in order to conserve a priority portfolio of agrobiodiverse resources in predominantly subsistence-based agricultural systems.
Keywords: Consumption utility; Contingent valuation; Incentive mechanisms; Opportunity cost of on-farm conservation; Payments for ecosystem services; Willingness to accept (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolec:v:87:y:2013:i:c:p:110-123
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