Natural Resources Management and Policy Commons^™

Applied Ecosystem Services In Working Forests: A Direct Market Valuation, Darin Stuart Hale

Masters Theses

Ecosystem services, or the benefits humans obtain from natural ecosystems, have long been recognized as critical to human health. Efforts have been taken by many to determine the non-market values of these services but few have offered a direct market valuation. Increasing awareness, scarcity, and regulation have fostered transactions, and markets are emerging that can allow for direct valuation and could provide landowners the opportunity to merchandise this natural capital. This paper provides a valuation and comparison, as a case study, of a traditional management scheme, including the marketing of fiber and recreational leases, and an ecosystem services management scheme, …