Economic Value of the Services Provided by Florida Springs and Other Water Bodies: A Summary of Existing Studies
Springs at Ichetucknee Springs State Park.  Water, vegetation, spring, nature.  UF/IFAS Photo by Tyler Jones.
view on EDIS
PDF-2014

Keywords

FE959

Categories

How to Cite

Wynn, Sara, Tatiana Borisova, and Alan Hodges. 2014. “Economic Value of the Services Provided by Florida Springs and Other Water Bodies: A Summary of Existing Studies: FE959/FE959, 11/2014”. EDIS 2014 (9). Gainesville, FL. https://doi.org/10.32473/edis-fe959-2014.

Abstract

Florida residents and visitors place a high value on aquatic natural resources. This 8-page fact sheet reviews nine studies that demonstrate that Florida’s springs have a very large economic value, both for recreation and resource conservation. In these studies, economists measure the value of ecosystem services in dollar terms to assist management decisions concerning natural resources. Willingness to pay studies show that people who benefit from Florida springs place a high value on them. Economic contribution studies show that Florida springs play a significant role in local and state economic health and job creation. Written by Sara Wynn, Tatiana Borisova, and Alan Hodges, and published by the UF Department of Food and Resource Economics, November 2014. (UF/IFAS Photo by Tyler Jones.)

FE959/FE959: Economic Value of the Services Provided by Florida Springs and Other Water Bodies: A Summary of Existing Studies (ufl.edu)

https://doi.org/10.32473/edis-fe959-2014
view on EDIS
PDF-2014

References

Adams, D.C. and D.J. Lee. 2007. Estimating the value of invasive aquatic plant control: A bioeconomic analysis of 13 public lakes in Florida. Journal of Agricultural and Applied Economics 39:97-109. Retrieved from: http://agecon.okstate.edu/faculty/publications/2767.i.-97-109-e.pdf https://doi.org/10.1017/S1074070800028972

Boateng, I. (ed.) 2010. Spatial Planning in Coastal Regions: Facing the Impact of Climate Change. FIG Publication 55. FIG Commission 8 Working Group 8.4, International Federation of Surveyors (FIG), Copenhagen, Denmark. http://www.fig.net/pub/figpub/pub55/figpub55.htm

Bonn, M.A. and F.W. Bell. 2003. Economic impact of selected Florida springs on surrounding local areas. Florida Department of Environmental Protection, Tallahassee, FL. http://www.dep.state.fl.us/springs/reports/files/EconomicImpactStudy.doc

Bonn, M.A. 2004. Visitor profiles, economic impacts, and recreational aesthetic values associated with eight priority Florida springs located in the St. Johns River Wate Management District. St. Johns River Water Management District, Palatka, FL. http://www.dep.state.fl.us/parks/planning/ssag/Mark%20Bonn%20Springs%20Study%202004.pdf

Borisova, T., A.W. Hodges, and T.J. Stevens. 2014. Economic Contributions and Ecosystem Services of Springs in the Lower Suwannee and Santa Fe River Basins of North-Central Florida. Report for Save Our Suwannee, Inc., Wildlife Foundation of Florida, and Alachua County, Florida. http://www.fred.ifas.ufl.edu/economic-impact-analysis/pdf/Springs_Economic_Report_6-4-14.pdf

de Bodisco, C. 2007. The regional value of water in agriculture. Ph.D. dissertation, Vanderbilt University, Nashville, TN. http://etd.library.vanderbilt.edu/available/etd-07242007-003333/unrestricted/debodiscodiss717.pdf

Federal Reserve Bank of St. Louis. 2014. Gross domestic product: Implicit price deflator. Federal Reserve Bank of St. Louis, St. Louis, MO. http://research.stlouisfed.org/fred2/series/GDPDEF/

Foster, C. 2008. Valuing preferences for water quality improvement in the Ichetucknee Springs System: A case study from Columbia County, FL. Master's thesis, University of Florida, http://ufdc.ufl.edu/UFE0022388/00001/pdf

Huth, W.L. and O.A. Morgan. 2011. Measuring the willingness to pay for cave diving. Marine Resource Economics 26:151-166. http://www.agnesmilowka.com/ag_media/coverage/agecon-06-morgan-c.pdf https://doi.org/10.5950/0738-1360-26.2.151

Kreye, M., F.J. Escobedo, D.C. Adams, T. Stein, T. Borisova. 2013. Valuing the ecosystem services of Florida's forest conservation programs: The economic benefits of protecting water quality. #FR377. UF/IFAS Extension. http://edis.ifas.ufl.edu/fr377 https://doi.org/10.32473/edis-fr377-2013

Larkin, S., J. Georges, A. Hodges, M. Allen, and D. Jones. 2012. The economic impact of the 2011 Florida BASS Federation Tournament to Osceola County and the event's economic value to participants. #FE916. UF/IFAS Extension. http://edis.ifas.ufl.edu/fe916 https://doi.org/10.32473/edis-fe916-2012

Letson, D. 2002. "Principles of economic valuation." In: Florida Coastal Environmental Resources: A Guide to Economic Valuation and Impact Analysis, edited by D. Letson and J. W. Milon. Gainesville, FL: Florida Sea Grant College Program.

Loomis, J. 2005. Updated Outdoor Recreation Use Values on National Forests and Other Public Lands. Forest Service General Technical Report, United States Department of Agriculture, Washington, D.C. http://www.fs.fed.us/pnw/pubs/pnw_gtr658.pdf https://doi.org/10.2737/PNW-GTR-658

Mather Economics. 2010. Measuring the Economic Benefits of America's Everglades Restoration. Report commissioned by the Everglades Foundation. http://www.evergladesfoundation.org/wp-content/uploads/2012/04/Report-Measuring-Economic-Benefits-Exec-Summary.pdf

Millennium Ecosystem Assessment (MEA) Board. 2005. Ecosystems and human well-being: Synthesis. http://www.millenniumassessment.org/documents/document.356.aspx.pdf

Milon, J. W., A. W. Hodges, A, Rimal, C .F. Kiker, and F. Casey. 1999. Public Preferences and Economic Values for Restoration of the Everglades/South Florida Ecosystem. Economics Report 99-1, Food and Resource Economics Department, University of Florida, Gainesville, FL. http://www.fred.ifas.ufl.edu/economic-impact-analysis/pdf/er99-1.pdf

Milon, J.W. and D. Scrogin. 2006. Latent preferences and valuation of wetland ecosystem restoration. Ecological Economics 56(2):162-175. http://www.sciencedirect.com/science/article/pii/S0921800905000571 https://doi.org/10.1016/j.ecolecon.2005.01.009

Morgan A.O. and W.L. Huth. 2011. Using revealed and stated preference data to estimate the scope and access benefits associated with cave diving. Resource and Energy Economics 33:107-118. http://www.sciencedirect.com/science/article/pii/S0928765510000072 https://doi.org/10.1016/j.reseneeco.2010.01.005

Moss, C.B. and A. Scmitz. 2013. Positive and negative externalities in agricultural production: The case of Adena Springs Ranch. Journal of Agricultural and Applied Economics 45(3):401-409. http://ageconsearch.umn.edu/bitstream/155413/2/jaae453ip3.pdf https://doi.org/10.1017/S1074070800004934

Mulkey, D. and A.W. Hodges. 2012. Using Implan to assess local economic impacts. #FE168. UF/IFAS Extension. http://edis.ifas.ufl.edu/fe168

National Research Council. 2012. Review of the EPA's Economic Analysis of Final Water Quality Standards for Lakes and Flowing Waters in Florida. National Research Council, Washington, D.C. http://www.nap.edu/catalog.php?record_id=13376

Richardson, L. 2014. Ecosystem Service Valuation of Everglades Restoration. USGS Research Task RB00CMF.2.1. United States Geological Survey, Reston, VA. https://www.fort.usgs.gov/science-tasks/2461

Schmitz, A., P.L. Kennedy, and J. Hill-Gabriel. 2012. Restoring the Florida Everglades through a sugar land buyout: benefits, costs, and legal challenges. Environmental Economics 3(1):74-89. http://businessperspectives.org/journals_free/ee/2012/ee_2012_01_Schmitz.pdf

Scottish Government. 2004. An Economic Assessment of the Costs and Benefits of Natura 2000 Sites in Scotland. Final Report, Scottish Executive 2004, Environment Group Research Report 2004/05. http://www.scotland.gov.uk/Publications/2004/06/19426/38109

Shrestha, R.L., J.R.R. Alavalapati, T.V. Stein., D.R. Carter, and C.B. Denny. 2002. Visitor preferences and values for water-based recreation: A case study of the Ocala National Forest. Journal of Agricultural and Applied Economics 34(3):547-559. http://ageconsearch.umn.edu/bitstream/15069/1/34030547.pdf https://doi.org/10.1017/S1074070800009305

USEPA (United States Environmental Protection Agency). 2010. Economic Analysis of Final Water Quality Standards for Nutrients for Lakes and Flowing Waters in Florida. Office of Water, Office of Science and Technology, United States Environmental Protection Agency, Washington, D.C. 20460. http://water.epa.gov/lawsregs/rulesregs/upload/florida_econ.pdf

Walsh P., W. Milon, and D. Scrogin. 2010. The spatial extent of water quality benefits in urban housing markets. Working Paper #10-02. National Center for Environmental Economics, United States Environmental Protection Agency, Washington, D.C. http://yosemite.epa.gov/ee/epa/eed.nsf/44a8be610f6c5f0885256e46007b104e/b4676c54814e0680852576da00601559/$FILE/2010-02.pdf

Walsh, P. 2009. Hedonic property value modeling of water quality, lake proximity, and spatial dependence in Central Florida. PhD dissertation, Department of Economics, The University of Central Florida, Orlando, FL. http://etd.fcla.edu/CF/CFE0002717/Walsh_Patrick_J_200908_PhD.pdf.

License