【Title】Assessing the Real Value of Farmland in China
【Author】HU Rong1, 2, QIU Dao-chi2, XIE De-ti1*, WANG Xin-ya3, ZHANG Lin2
【Addresses】1 School of Resources and Environment, Southwest University, Chongqing 400716, China; 2 School of Geographical Science, Southwest University, Chongqing 400715, China; 3 Bureau of land resource management in Yuzhong district , Chongqing 400013, China,
【Corresponding author】e-mail: firstname.lastname@example.org; First author, e-mail: email@example.com
【Citation】Hu R, Qiu DC, Xie DT, et al. (2014) Assessing the real value of farmland in China. Journal of Mountain Science 11(5). DOI: 10.1007/s11629-013-2924-x
【Abstract】The preservation of farmland is a growing concern in China because the fact that China possesses limited land resources and the world’s largest population presents a clear contradiction. Only when the value of farmland is fully appreciated in commercial markets can farmland preservation be effectively achieved. The current study constructed a model to evaluate the economic, social, and ecological value of farmland in China according to the connotation of values. As a case study, the value of Chinese farmland was estimated in 1999, 2002, 2005, 2008, and 2011 using the established model. Although the amount of farmland was greatly reduced from 1999 to 2011 due to constructive occupation, agricultural restructuring, ecological restoration, and disaster destruction, the value of this farmland increased from 220.71×1012 to 736.26×1012 RMB Yuan as a result of the multifunctional nature and scarcity of farmland during the same period. The potential value of farmland in China was huge, but the value in the market was greatly underestimated, especially in regard to its social and ecological value. This study proposes a new method that integrates the discounted value of all future services provided by a natural resource (for the society and individuals) to evaluate the resource assets, provides a scientific foundation for the preservation and operation of farmland assets, and explores ways to increase farmers’ property income.
【Keywords】Farmland resource; Farmland preservation; Real value; Land; China