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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  and
Donna J. Lee
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.
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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.

Keywords

aquatic plantsbioeconomicsinvasive specieslakesmaintenance controlQ57Q26Q28Q51Q25
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 39 , Issue s1 , October 2007 , pp. 97 - 109
Copyright
Copyright © Southern Agricultural Economics Association 2007

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