European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
Economic Importance & Valuation of Non-Timber Forest Products
Author Name :
TANVI KHURANA
Publisher :
Bridge Center
Article URL :
Abstract :
The economic contribution of NTFPs in incomes of forest dependent communities can be categorized firstly as gathering of NTFPs for domestic necessities, for which the gatherers pay no money however money need to be spent if such items were to be bought from the markets and secondly as collection of NTFPs for selling or commercial motive, in order to earn money which can be further used for other variant purposes. The thinkable monetary worth of nontimber forest products in terms of (a) non-cash income or direct consumption and (b) cash incomes i.e. market price as commodities is many a times undervalued or unknown. This literature survey will throw some light on how significantly NTFPs contribute to the incomes of forest dependent families and will address different valuation techniques that are used for valuing the NTFPs. Hence, it will try to answer the following research questions; ? Why do forest dependent families count on on NTFPs for their livelihoods? ? What are the different ways to value the cash income and the non-cash income flows accruing from the harvesting of NTFPs?
Keywords :
Economic Importance, Valuation, Non-Timber Forest Products
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