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Sustainability 2014, 6(10), 6714-6728; doi:10.3390/su6106714

Determinants of Farmers’ Willingness to Pay and Its Level for Ecological Compensation of Poyang Lake Wetland, China: A Household-Level Survey

Institute of Poyang Lake Eco-economics, Jiangxi University of Finance and Economics, Nanchang 330032, China
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Received: 29 July 2014 / Revised: 31 August 2014 / Accepted: 23 September 2014 / Published: 29 September 2014
(This article belongs to the Special Issue Special issue of Sustainable Asia Conference 2014)
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Abstract

This study examines the determinants of farmers’ willingness to pay (WTP) and their payment levels for ecological compensation of the Poyang Lake Wetland in China. We developed a farmer household survey and gathered 292 effective responses. The contingent valuation method (CVM) and Heckman’s two-step model were employed for the empirical study. Results show that 46.58% of farmers are willing to pay ecological compensation, with an average price of $64.39/household per year. The influencing factors that significantly influence farmers’ WTP include household income, residential location, emphasis on improvement of wetland resources, arable land area, and contracted water area. In addition, household income, residential location, arable land area, and contracted water area are significantly related to their payment levels. The results of this empirical study inform important policy implications and recommendations. View Full-Text
Keywords: household survey; ecological compensation; willingness to pay (WTP); Poyang Lake Wetland; China household survey; ecological compensation; willingness to pay (WTP); Poyang Lake Wetland; China
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Kong, F.; Xiong, K.; Zhang, N. Determinants of Farmers’ Willingness to Pay and Its Level for Ecological Compensation of Poyang Lake Wetland, China: A Household-Level Survey. Sustainability 2014, 6, 6714-6728.

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