Evaluating non-industrial private forest landowner willingness to manage for forest carbon sequestration in the southern United States

Puskar N. Khanal, Donald L. Grebner, Ian A. Munn, Stephen C. Grado, Robert K. Grala and James E. Henderson

Forest Policy and Economics, 2017, vol. 75, issue C, 112-119

Abstract: Forest carbon sequestration is considered one of the most efficient strategies for climate change mitigation, and forests provide significant carbon storage in the United States. Non-industrial private forest (NIPF) ownership is the dominant ownership group in the southern US, but little is understood about landowners' willingness to manage forests for carbon sequestration. This study examines NIPF landowner willingness to delay final timber harvest for additional carbon sequestration despite unknowns about positive or negative impacts to profitability that result from carbon price fluctuations. Survey data from 735 landowners in the southern United States were used to estimate a probit model analyzing their participation behavior. Landowner willingness to participate in carbon sequestration practices was 55%, 25%, and 16% when such practices were more profitable, revenue neutral or less profitable than timber management only, respectively. Although many landowners would require a significant monetary incentive to participate in carbon sequestration, others would participate with little or no incentive. Those having recreational goals for their property were the most likely group to participate in carbon sequestration. Management changes (i.e., management plan and verification requirements) and carbon revenue were the two most important determinants of their probability of participation. In summary, this study provides a better understanding of the relationship between landowner participation and socioeconomic details, sequestration program attributes, attitudes, and behaviors. Designing education, incentive, and assistance programs that align with landowners' recreational goals would result in a low-cost carbon sequestration policy.

Keywords: Climate change; Contingent rating; Harvest delay; Landowner decision making; Carbon sequestration by forests (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:75:y:2017:i:c:p:112-119

DOI: 10.1016/j.forpol.2016.07.004

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