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Estimating the Value of Invasive Aquatic Plant Control: A Bioeconomic Analysis of 13 Public Lakes in Florida

Published online by Cambridge University Press:  28 April 2015

Damian C. Adams
Affiliation:
Department of Agricultural Economics at Oklahoma State University
Donna J. Lee
Affiliation:
Entrix, Inc. Previously, she was an associate professor at the Institute of Food and Agricultural Sciences, College of Agriculture and Life Sciences, Department of Food and Resource Economics, University of Florida.

Abstract

We present a bioeconomic model of three invasive aquatic plants (hydrilla, water hyacinth, and water lettuce) in 13 large Florida lakes, and simulate one-year and steady-state impacts of three control scenarios. We estimate that the steady-state annual net benefit of invasive plant control is $59.95 million. A one-year increase in control yields steady-state gains of $6.55 million per year, and a one-year lapse causes steady-state annual losses of $18.71 million. This model shows that increased control of hydrilla, water hyacinth, and water lettuce is optimal.

Type
Articles
Copyright
Copyright © Southern Agricultural Economics Association 2007

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