Measuring the Economic Value of the Negative Externality of Livestock Malodor in South Korea

The South Korean livestock industry has increased in scale and production, generating positive impacts on the national economy. However, livestock externalities, primarily malodor, have subsequently led to increased conflicts between producers and affected communities. This study estimated Korean ho...

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Published inInternational journal of environmental research and public health Vol. 19; no. 15; p. 9475
Main Authors Han, Kwideok, Vitale, Jeffrey, Lee, Yong-Geon, Ji, Inbae
Format Journal Article
LanguageEnglish
Published Basel MDPI AG 02.08.2022
MDPI
Subjects
Agriculture
Animal husbandry
Emissions
Environmental economics
Environmental impact
Environmental policy
Externality
Greenhouse gases
Households
Livestock
Livestock industry
Manures
Off odor
Questionnaires
R&D
Research & development
Rural areas
Waste disposal
Waste management
Water pollution
Willingness to pay
South Korea
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Summary:The South Korean livestock industry has increased in scale and production, generating positive impacts on the national economy. However, livestock externalities, primarily malodor, have subsequently led to increased conflicts between producers and affected communities. This study estimated Korean households’ willingness-to-pay (WTP) for government subsidies to help address livestock malodor using a contingent valuation method (CVM) derived from a double-bounded dichotomous choice model. The annual average household WTP was estimated at 29,206 Korean won (KRW) (USD 25). This was slightly higher than the respondents’ self-reported average amount of KRW 25,457 (USD 22). The estimated economic value nationally is KRW 628 billion (USD 546 million) annually, for a total of KRW 3.14 trillion (USD 2.73 billion) over a proposed five-year period. The public’s estimated WTP can be leveraged to improve livestock management practices, more efficient waste disposal techniques, and improved husbandry methods to address conflicts between producers and surrounding communities.
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ISSN:1660-4601
1661-7827
1660-4601
DOI:10.3390/ijerph19159475