Adepoju, Adenike Adebusola and Salau, Adekunle Sheu (2007): Economic Valuation Of Non-Timber Forest Products (NTFPs).
Download (58kB) | Preview
The paper reviewed the methods in use for the economic valuation of Non-timber forest products. In the main, three methods are used. They are direct market price, indirect market price and non-market estimates. No method is superior to the other but appropriate method of valuation depends on the objective of the study. Also in use, is the financial valuation method. NTFPs can be classified as tradable or non tradable. The tradable NTFPs are significant in international trade. Non-timber forest products also constitute a critical component of food security; it serves as an important source of income for the poor in many developing countries. Value is not the inherent property of an entity. It is only a measure of a relationship between a subject and the object of valuation within a context (time and place or hypothetical scenario). There is a fundamental distinction to be made between a valuation exercise that sets out to explain how choices are made by individual resource users and one that seeks to maximize community. NTFPs include Edibles such as Mushroom, ferns etc. medicinal and dietary supplements, floral products and specialty wood products.
|Item Type:||MPRA Paper|
|Institution:||Ladoke Akintola University Of Technology &Univeristy of Ibadan|
|Original Title:||Economic Valuation Of Non-Timber Forest Products (NTFPs)|
|Keywords:||Non-Timber Forest Products (NTFPs); Economic Valuation; Livelihood and Food security|
|Subjects:||Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q5 - Environmental Economics > Q57 - Ecological Economics: Ecosystem Services ; Biodiversity Conservation ; Bioeconomics ; Industrial Ecology
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q27 - Issues in International Trade
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q23 - Forestry
Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q2 - Renewable Resources and Conservation > Q20 - General
|Depositing User:||Adekunle Sheu Salau|
|Date Deposited:||11. Apr 2007|
|Last Modified:||07. Jan 2016 13:34|
REFERENCE Arnold. J.E.M (1995): Poverty & Conservation. Society and Non-Timber Forest Products in Tropical Asia. Ed. Fox J. Occasional paper No 19, East West Centre; Honolulu, Hawaii USA. Brown. T.C. (1984): The Concept of Value in Resource Allocation. Land Economic. Pp 231-46. Charlie, S. and Sheona S. (2004): The Importance of Non-Timber Forest Products in Rural Livelihood Security and as Safety Nets: A Review of Evidence From South Africa. In: South Africa Journal of Science 100 Nov/Dec 2004. Pg 58-664. Cooks, M.L. and Wiersum K.F. (2003): The Significance of Plant Diversity to Rural Household in The Eastern Cape Province of South Strica. Forest Trees Livelihood 13 Pg 39-58. Costanza, R.,and C. Folke (1997): Valuing Ecosystem Services with Efficiency, Fairness and Sustainability as Goals. Island Press Washington D.C. USA. Pg 49-68. Emery, M. (1998): Seeing, Gathering, Managing Gathering Special Forest Products and Public Land Management. In Proc, Special Forest Product: Working Together in a changing World. Western Forestry & Conservation Assoc. Portland Oregon Pg 31 Food and Agricultural Organization of the United Nations FAO (1989): Women in Community Forestry in Unasylva Vol. 36 No. 46 April. Rome. pp. 5-7. Food and Agricultural Organization of the United Nations FAO (1990): The Major Significance of “Minor Forest Product. The Local Use and Value of Forest in the West. African Humid Forest Zone. Community Forestry Note 6 Rome. Food and Agricultural Organization of the United Nations FAO (1992): Forest, Trees and food Rome. pp. 2-4 Food and Agricultural Organization of the United Nation FAO (1995): Valuing Forest: Context, Issues and Guidelines, by Gregersen H.M. Arnold J.E.M, Lindgren A.L & Contreras – Hernosilla. FAO Forestry Paper No 127, Rome. Foster, Steven (1995): Forest Pharmacy: Medicinal Plants in American Forest. Forest History Society. Durham NC pg 57. Gbadebo J.O and U. Gloria (1999): The Non-Wood Forest Products of Nigeria. A report produced as out put of the ec-fao partnership programme (1998-2000) - project gcp/int/679/ec Hammett, A.L. and J.L. Chamberlain (1998): Sustainable Use of Non-Traditional Forest Product. Alternative Forest Based Income Opportunities. In: Natural Resources Income Opportunities on Private Land Conference. April 5-7th 1998. Hagerstown, Maryland Ed. Jonathan, S.K. Pg 141-147. Michael S.G.(1995): Economic Valuation of the Multiple Use of Forest: The Case of Bwindi Impenetrable National Park, Uganda. University of Edinburgh, U.K (M.Sc) dissertation). New York Times, (1996): From Necessity, New Forest Industry rises. Sunday 24th March. National Report Section, Front page.United Nations (1995): Non-wood News. Writer Food & Agricultural Organisations Rome Italy. Okafor, J.C.; Omoradion, F.I. and Amaja (1994): Non-Timber Forest Products (Nigeria): Consultancy Paper prepared by the Tropical Forest Action Programme (TFAP) Forest Management, Evaluation and Co-ordination Units (FORMECU) and Federal Department of Forestry (FDF) Abuja, Nigeria. P. 8. Murphy, I.K, Bhat P.R., Ravindranah, N.H and R. Sukumar (2005): Financial Valuation of Non-Timber Forest Product Flows in Uttara Kannada District, Western Ghats, Karnataka. In: Current Science, Vol.88, No.10, 25 May 2005. Pg 1573-1579