Revision as of 13:22, 30 June 2016 by
***** (***** | *****)The concept of sustainable land management(SLM) is not very old as it was introduced in early 1990s in response to land degradation. Since then the term has been brought forward. The need of SLM strategies is widely welcomed within community of scientists but very little is known about the economics of SLM. Bridging this gap is very important as actual and perceived costs and benefits of SLM practices play vital role in their adoption as well as spreading. In this paper we will learn about few facts about economics of SLM by exploring what are the different types of costs and benefits are incurred by the farmers.
A Farmer/Peasant will prolong to adopt land degrading management practices as long as the marginal costs of degradation are smaller than the marginal costs associated with the land conservation practices.
Mathematically, M.C of Degradation < M.C of Conservation Practices.
Smallholder farmers indeed follow logic of economics in decision making. However additional factors like social relations and cultural norms also have important role in farmers decision making.
