Question

What policy would you recommend to incentivize private foresters to account for the non-timber amenity values associated with old growth forest? Justify your choice with an explanation.

Answer 1

Human is an social animal and for the survival of human the forests plays an central role. Nowadays due to the increased population,humans are utilizing the natural resources in an excess amount which leads to the exploitation.And due to the population explosion,migration and industrialization also leads to the heavy worse impact to the world's resources.

Here, discussing about the economics of non-timber forest benefits. The process of deforestation not only affects the forest life but also the mankind in several ways. The increase of the secondary forests in the region of temperate zones, which are less known and also having a profound effect on the supply of forest's goods and services.

The development of economy is often lyes with the increase of demand for the environment amenities. The timber rich forest have to be conserved. By understanding the pattern change of the land usage and the preference of the environment is very important in analyzing the current forest policy in global,national and local levels.

The economic valuation of forest is an essential tool for the making of relevant decisions about the proper usage of forest land by utilizing the methods to assign the monetary values to the non market or non-timber forest benefits. Based on the development of a country that is either developing or developed, different types of valuation methods are adopted in the significance of different non timber forest benefits. One of the important priority of policy makers is to develop a routine system which is for the monitoring and evaluation of non-timber forest on a national and local scale.