Farmers in developing countries can protect both profits and endangered species

Farmers in developing countries can protect both profits and endangered species

HOUSTON – (Feb. 25, 2021) – Low-income livestock farmers in growing nations are sometimes confronted with a troublesome dilemma: shield their animals from endangered predators, or spare the threatened species on the expense of their livestock and livelihood.

A brand new paper by Rice College economist Ted Loch-Temzelides examines such circumstances confronted by farmers in Pakistan. “Conservation, danger aversion, and livestock insurance coverage: The case of the snow leopard” outlines a plan beneath which farmers can shield themselves from crippling monetary losses whereas preserving and probably benefiting from the lives of endangered predators.

“These livestock homeowners usually have very low incomes,” Loch-Temzelides mentioned. “The lack of even one animal may be financially devastating. They’re confronted with the troublesome process of weighing conservation efforts in opposition to financial losses because of assaults on their herds. And this case is not restricted to snow leopards — it applies wherever massive predators stay close to livestock.”

Loch-Temzelides proposes establishing neighborhood livestock insurance coverage contracts for farmers in growing nations who haven’t got entry to the forms of insurance policies accessible in additional developed nations. Beneath these contracts, farmers would conform to share the price of misplaced animals with different farmers of their neighborhood. For instance: If one farmer in a neighborhood of 10 misplaced an animal valued at $100, every neighborhood member would lose the equal of about $10.

By aiding conservation efforts, he added, farmers might stand to reap extra advantages.

“Vacationers around the globe are keen to pay to see endangered species akin to snow leopards of their pure habitats,” Loch-Temzelides mentioned. “And income from ecotourism can profit communities and their residents considerably.”

Whereas Loch-Temzelides’ examine focuses on Pakistan, he hopes neighborhood livestock insurance coverage may be helpful around the globe.

###

The examine will seem in an upcoming version of the journal Conservation Letters and is on the market on-line at

https://conbio.onlinelibrary.wiley.com/doi/10.1111/conl.12793.

This information launch may be discovered on-line at news.rice.edu.

Comply with Rice Information and Media Relations on Twitter @RiceUNews.

Photograph hyperlink: https://news-network.rice.edu/news/files/2021/02/115314887_l.jpg

Photograph credit score: 123rf.com

Positioned on a 300-acre forested campus in Houston, Rice College is constantly ranked among the many nation’s prime 20 universities by U.S. Information & World Report. Rice has extremely revered colleges of Structure, Enterprise, Persevering with Research, Engineering, Humanities, Music, Pure Sciences and Social Sciences and is house to the Baker Institute for Public Coverage. With three,978 undergraduates and three,192 graduate college students, Rice’s undergraduate student-to-faculty ratio is just below 6-to-1. Its residential faculty system builds close-knit communities and lifelong friendships, only one motive why Rice is ranked No. 1 for many race/class interplay and No. 1 for high quality of life by the Princeton Evaluate. Rice can also be rated as a greatest worth amongst non-public universities by Kiplinger’s Private Finance.

Disclaimer: AAAS and EurekAlert! should not chargeable for the accuracy of stories releases posted to EurekAlert! by contributing establishments or for the usage of any data by means of the EurekAlert system.

Leave a Reply

Your email address will not be published. Required fields are marked *