Work detail

The Economic Value of Crop Diversity in the Czech Republic

Author: Mgr. Nicholas Tyack
Year: 2016 - summer
Leaders: Mgr. Milan Ščasný PhD.
Work type: Masters
Language: English
Pages: 101
Awards and prizes:
Abstract: We estimate the willingness-to-pay for conserving crop diversity in the Czech Republic. Discrete
choice experiments are used to elicit preferences for the conservation of wine, hop, and fruit tree
varieties, while a double-bounded dichotomous choice approach is used to elicit preferences for
the conservation of unspecified, “general” crop diversity. The WTP values are derived for both of
these contingent products from a sample representative of the general Czech population (n=731)
and a sample of respondents living in the South Moravian region that is characterized by
agriculture and wine production (n=418). We demonstrate a strong preference for conserving fruit
trees over hops and wine varieties, and derive positive mean WTP of the general Czech population
(ages 18-69) of 56 Kč ($2.26). Mean WTP for the conservation of general crop diversity is 167 Kč
($6.80). On average, residents of South Moravia have a greater WTP for “general” crop as well as
fruit tree conservation. In total, the Czech adult population (ages 18-69) has an aggregate WTP of
~1.25 billion Kč ($50.5 million) for the conservation of general crop diversity, and ~410 million
Kč ($16.8 million) for the conservation of fruit trees, revealing the previously unmeasured social
welfare benefits of these activities. The estimated benefits of crop diversity conservation based on
the stated preference method present the first welfare estimate of its kind for Czech crop diversity,
and are an important contribution to the valuation of a resource that has the potential to help adapt
agriculture to climate change.
December 2022




Patria Finance
Česká Spořitelna