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We used the open-ended contingent valuation method to elicit willingness to pay (WTP) for day visitors and extended visitors on the Ocala National Forest (ONF), Florida. A Tobit model specification was applied to account for the issues involved with censored WTP bids. The results reveal that visitors would pay more for improved recreational facilities at the ONF. In particular, our estimates show that visitors would pay $1 million for basic facilities, $1.9 million for moderate improvements, and $2.5 million for more improvements.
Cogongrass (Imperata cylindrica), an invasive weed, is a threat to slash pine forests. Using a dynamic optimization model, we estimated the impact of cogongrass on the profitability of slash pine forestry under four scenarios: no threat of cogongrass infestation; infestation is uncertain, and no control measures are taken; infestation is uncertain, but control measures are undertaken by one landowner but not the neighbors; and infestation is uncertain, and control measures are undertaken by everyone. Results indicate that annual net returns per acre under each scenario, respectively, are $25.30, $16.97, $13.89, and $17.38. Results suggest fostering a cooperative behavior among landowners is desirable.
Florida's open-space land-acquisition program is one of most aggressive in
the country, with $3.7 billion paid for 3.8 million acres since 1972. Using
data from the Conservation and Recreational Lands (CARL) program, hedonic
analyses found that acquiring private lands with valuable natural resources,
habitat for rare species, and important historical sites for public
preservation is more costly. Development potential and pressure also
increased acquisition costs. The presence of additional endangered natural
elements and needing to contract with additional landowners, however, were
found to decrease the cost. Results provide a basis for landowners and
land-acquisition agencies to negotiate.
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