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http://dx.doi.org/10.5333/KGFS.2018.38.4.298

Economic Valuation of Multi-functionality on an Eco-pastoral system in Alpine grassland  

Kim, Se-Hyuk (Department of Agricultural Economics, Kyungpook National University)
Kim, Tae-Kyun (Department of Agricultural Economics, Kyungpook National University)
Publication Information
Journal of The Korean Society of Grassland and Forage Science / v.38, no.4, 2018 , pp. 298-309 More about this Journal
Abstract
This study examined the multi-functionality of an eco-pastoral system in alpine grassland and measured its economic value. The multi-functionality can be divided into three categories: direct-use value, indirect-use value, and heritage value. Direct-use value includes both extractive (forage and livestock production) and non-extractive (recreation and tourism) functions. Indirect-use value includes the functions of water conservation, soil erosion control, atmospheric control, landscape, livestock-manure management, and forest firebreaks. The heritage value includes the function of species diversity. The results showed that the annual value for 1 hectare of the eco-pastoral system in alpine grassland's direct use was estimated to be 21,090,874 Korean won; the indirect-use value was 15,562,203 won when the landscape in grassland system, and 16,018,224 won when the landscape comprised in silvopastoral system. The value of the species diversity in heritage terms ranged from 767,273 to 1,578,845 won, depending on whether it included any endangered species. The total value of multi-functionality of the eco-pastoral system in alpine grassland was estimated to be a minimum of 37,420,350 won/ha and a maximum of 38,687,942 won/ha. The results of this study can provide useful insights for the eco-pastoral system in alpine grassland policies in Republic of Korea.
Keywords
Eco-pastoral system in alpine grassland; Multi-functionality; Economic value; Ecosystem service;
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