Regional Economic Valuation
Relative Value Estimate for Green Infrastructure and its Associated Ecosystem Services in West Michigan is ~$1.8 billion per year*
* This amount represents an estimated value only and should not be interpreted as an actual value.
Legend
- Red: > $10,000*
- Orange:$2,001- $10,000*
- Green: $201 - $2,000*
- Blue: $0 - $200*
- Grey:Developed Area/Not Valued
*All values are per acre per year.
Preliminary Value Estimates for Ecosystem Services in West Michigan
(Per Acre Per Year)
Select a value or descriptor for additional information.
|
Cropland |
Orchards & Specialty Crops |
Grass, Shrub & Prairie |
Forest |
Water |
Wetlands |
Great Lakes Sand Dunes & Beach |
Other Bare Lands |
|
|---|---|---|---|---|---|---|---|---|
|
Food Production |
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Raw Materials |
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Aesthetic/Amenity |
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Recreation |
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Fish/Wildlife Habitat |
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Pollination |
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Nutrient Cycling |
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Waste Assimilation |
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Erosion Control |
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Water Regulation |
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Water Supply |
NEI: Not enough information INS: Value presumed to be insignificant n/a: not applicable
This pie chart and associated table show the break down of land use and the lower bound value estimates for the West Michigan policy region.
|
Land Use and Cover |
Acres |
Estimated Annual Value |
|---|---|---|
|
Cropland |
1,192,127 |
$119,212,726 |
|
Orchards & Specialty Crops |
39,519 |
$14,977,686 |
|
Grasses, Shrubs & Prairie Lands |
456,829 |
$25,582,424 |
|
Forest Lands |
996,189 |
$1,111,015,891 |
|
Water |
67,540 |
$62,339,152 |
|
Wetlands |
58,579 |
$81,483,097 |
|
Great Lakes Sand Dunes & Beaches |
4,762 |
$138,820,172 |
|
Other Bare Lands |
10,265 |
$3,787,718 |
|
Developed Lands |
268,387 |
Not Valued |
|
Total |
3,094,197 |
$1,565,218,867 |
In addition to the data listed above in the value matrix, the Project Team estimated values for ecosystem services associated with rails-to-trails. The West Michigan policy region also has 123.16 miles of rails-to-trails. The Ecosystem Services associated with this land use include Aesthetics/Amenity and Recreation, but there was enough information to determine an ecosystem services value only for Recreation. The estimated value for the rails-to-trails in the West Michigan policy region is $299,401 per mile per year, or ~ $36.9 million (Betz et al. 2003;Siderelis and Moore 1995; Siderelis et al. 2000).