Table 2 Implicit value of the supporting services of a Border mire
Factor | Magnitude |
|---|---|
Annual yield | 10 m3/ha |
Rotation | 40 years |
Price/m3 | £15 (after harvesting costs) |
Establishment cost | £800/ha |
Management cost | £5/ha/yr |
Mean annual revenue | £15/m3 × 10 m3/ha = £150/ha |
Establishment cost ÷ rotation | £20/ha/yr |
Mean annual earning | £150 - £20 - £5 = £125/ha |
Area affected | 600 ha |
Total annual opportunity cost | £75 000 |