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Economic Valuation of Mangroves for Assessing the Livelihood of Fisherfolk: A Case Study in India

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  • The study was carried out in a village named MGR Thittu in the vicinity of the Pichavaram mangroves in the state Tamil Nadu in India. The objectives of the study were to review the current status of mangroves in Tamil Nadu, study the fisherfolk’s perceived role of mangroves on their livelihood, estimate the economic value of mangroves as a case study, and suggest policy measures needed for the conservation, protection, management and development of mangroves. The required data were collected randomly from 41 experts and 120 villagers. The most important concern for protecting the mangroves was found to be strengthening of coastline against Tsunami through mangrove plantation. The most important present use of the Pichavaram mangroves was their services through their ecological functions like protection against tsunami, floods and heavy winds; followed by contribution to fishery; and firewood collection. In calculating the Total Economic Value of the concerned mangrove area, the values were divided according to direct use values, indirect use values and willingness to pay estimates, and was added upto be Rs. 353,52,31,312. The economic valuation of the particular mangroves attributed an indicative price to the huge value of the mangrove resources, which is necessary for investing in protecting natural resources on the part of the government and other stake holders for protecting fisheries resources in the view point of sustainability.
  • KEYWORDS: Fisherfolk, Fisheries Management, Livelihood, Fisheries economics, Mangroves, Total Economic Value, Measurement and Indicators for Improved Understanding and Management
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  • DebRoy, P. & R. Jayaraman. Economic Valuation of Mangroves for Assessing the Livelihood of Fisherfolk: A Case Study in India. In: Visible Possibilities: The Economics of Sustainable Fisheries, Aquaculture and Seafood Trade: Proceedings of the Sixteenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July 16-20, Dar es Salaam, Tanzania. Edited by Ann L. Shriver. International Institute of Fisheries Economics and Trade (IIFET), Corvallis, 2012.
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  • Norad, AQUAFISH, USAID, NEPAD Planning and Coordination Agency,The World Bank, Hyatt Regency Dar es Salaam, NAAFE, World Wildlife Fund, United Nations University Fisheries Training Programme, ICEIDA, JICA, JIFRS, The European Association of Fisheries Economists, International Seafood Sustainability Foundation
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