What is the value of agrobiodiversity in southern Europe?

Lea Nicita and Robert Mendelsohn

European Review of Agricultural Economics, 2024, vol. 51, issue 5, 1441-1460

Abstract: This study explores how agrobiodiversity at both local and regional scales impacts farmland value across five Mediterranean countries in the EU. Previous literature has primarily addressed on-farm biodiversity and its effects on productivity and risk mitigation, yet the potential externalities of agrobiodiversity across neighboring farms remain underexplored. Using a cross-sectional Ricardian approach, we estimate the effects of agrobiodiversity, measured in terms of both crop richness and evenness, on long-term agricultural productivity. Our findings show significant non-linear relationships and substitution effects between local and regional agrobiodiversity, underscoring the need for regionally tailored biodiversity policies.

Keywords: agrobiodiversity; farmland value; richness; evenness (search for similar items in EconPapers)
Date: 2024
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