America’s Wetland? A National Survey of Willingness to Pay for Restoration of Louisiana’s Coastal Wetlands Final Project Report Department of Agricultural Economics Mississippi State University Revised April 1, 2013 Daniel R. Petrolia * Matthew G. Interis Joonghyun Hwang Mississippi State University Michael K. Hidrue University of Delaware Ross G. Moore USDA Farm Service Agency, Selmer, TN GwanSeon Kim University of Georgia *Corresponding Author:
[email protected] The authors wish to express their sincere gratitude to Kerry St. Pe and all the staff of the Barataria-Terrebonne National Estuary Program for providing valuable information and their assistance in improving the quality of the survey instrument. This research was conducted under award NA06OAR4320264 06111039 to the Northern Gulf Institute by the NOAA Office of Ocean and Atmospheric Research, U.S. Department of Commerce; and supported by the USDA Cooperative State Research, Education & Extension Service, Multistate Project W-2133 “Benefits and costs of Natural Resources Policies Affecting Public and Private Lands” (Hatch # MIS-033120). 1 EXECUTIVE SUMMARY A nationwide survey was conducted in the summer of 2011 via Knowledge Networks to estimate the willingness to pay (WTP) for a large-scale restoration project in the Barataria-Terrebonne National Estuary in coastal Louisiana. A split-sample approach was used to administer both a binary-choice (contingent valuation) and multinomial-choice (choice experiment) version of the survey, with the latter used to estimate willingness to pay for increments in three specific wetland ecosystem services: wildlife habitat, storm surge protection, and fisheries productivity. A total of 3,464 respondents completed the valuation exercise, of which 3,228 (93%) had neither visited nor live/lived in the study region.