2011 Volume 2 Issue 2 Pages 1-5
This study aimed to determine the stakeholders' willingness to pay (WTP) for the flooded forest conservation (FFC) in the Tonle Sap Biosphere Reserve (TSBR), Kampong Chhnang Province, Cambodia. In addition to estimation of the WTP prices, the factors that affect the farmers' willingness to pay were determined. The possibility of establishing the mechanism for instituting payment for environmental services (PES) was examined. The study adapted the contingent valuation method (CVM) in estimating WTP and multiple regression analysis in determining the factors that affect WTP. Respondents included 157 farmer households randomly selected from the 3 villages, namely: Peam Khnang, Thnal Chheu Teal and Slat. The study found that the sample farmer-respondents have a high level of awareness on the benefits and functions of flooded forest. Sixty-four percent of the respondents were members of the FFC program; the rest did not join the program. Eighty-two percent of the respondents expressed willingness to pay for conservation of flooded forest. On average, the WTP price for a farm household was 2,357 riels per month. The respondents' willingness to pay was affected by factors such as age, income and participation in training program. They were willing to pay for conservation mainly because they wanted to protect the flooded forest as reported by 88 percent of the respondents. In terms of the method of collection, most of sample farmer-respondents would like the community themselves through the village leader to collect the WTP fund. The respondents said that they would prefer to pay the WTP fee monthly.
