Economic Evaluation of Food Security Benefits from Farmlands

Abstract

Farmlands provide with food security benefits for all of Japanese people. Monetary value of food security benefits from farmlands is practical in using cost benefit analysis, but the value has not been estimated yet. The aim of this study is to estimate the value by choice experiment with other programs, and inspect whether food self-sufficiency in the region effect on utility functions. The result indicate that food self-sufficiency in the region does not effect on utility functions, and WTP for food security in 8, 500 ha is about 162.9 yen/year·household.