Assessing the economic impact of invasive species: the case of yellow starthistle (Centaurea solsitialis L.) in the rangelands of Idaho, USA |
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Authors: | Juliá Roxana Holland David W Guenthner Joseph |
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Affiliation: | Department of Economics, Rensselaer Polytechnic Institute, 1403 Park Boulevard, Troy, NY 12180, USA. juliar@rpi.edu |
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Abstract: | Yellow starthistle (Centaurea solsitialis L.) is an invasive weed that creates problems for the management of Idaho's rangelands. A bioeconomic approach combined with an input-output economic model is used to estimate direct and secondary economic costs of the weed in relation to its interference with agricultural and non-agricultural benefits that rangelands provide. Direct economic costs of the infestations were estimated to be of 8.2 million '05 dollars per year, and secondary costs of 4.5 million '05 dollars per year, for a total of 12.7 million '05 dollars; agricultural related economic impacts accounted for 79% of this total cost, and non-agricultural for 21%. |
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Keywords: | Invasive species Yellow starthistle (Centaurea solsitialis L.) Economic impact Idaho rangelands |
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