Economic Valuation of Agricultural Land Resources

The Multifunctional Benefit Value Approach of Agricultural Land in the Karangsambung-Karangbolong Geopark Area

DOI

10.2991/absr.k.220305.034How to use a DOI?

Keywords

Economic Valuation; Agricultural Land; Multifunction

Abstract

The strategic role of agricultural land faces serious challenges, including the conversion of agricultural land. Agricultural land conversion is related to people’s understanding of multifunctional value concept of agricultural land including economic and environmental value. Agricultural land is considered only as a producer of tangible and marketable products. Meanwhile, intangible functions tend to be ignored. This study aims to assess the economic and environmental value as well as the multifunctionality of agricultural land in the Karansambung-Karangbolong Geopark Area. The basic method used in this research is descriptive quantitative. Physical, social, and economic variables were obtained from secondary data using the data from the Central Statistics Agency (Badan Pusat Statistik=BPS) in the form of data on harvested area, palawija production, horticultural production, and agricultural land area. The research method is carried out by analyzing Total Economic Value through market price and replacement cost approaches. The results showed that the total economic value was IDR 3,349,807,994,706 with the value of environmental services amounting to IDR 1,107,713,585,706. The highest economic value of agricultural land is obtained from the production value of palawija commodity of IDR 2,011,099,558,500, and the lowest economic value of agricultural land is obtained from the value of forage or agricultural waste used for animal feed of IDR 11,269,828,000.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Rika Harini
AU  - Bowo Susilo
AU  - Evita Hanie Pangaribowo
AU  - Rina Dwi Ariani
PY  - 2022
DA  - 2022/03/10
TI  - Economic Valuation of Agricultural Land Resources
BT  - Proceedings of the 2nd International Conference on Smart and Innovative Agriculture (ICoSIA 2021)
PB  - Atlantis Press
SP  - 223
EP  - 229
SN  - 2468-5747
UR  - https://doi.org/10.2991/absr.k.220305.034
DO  - 10.2991/absr.k.220305.034
ID  - Harini2022
ER  -