The value of land: Prosperous lands and positive rewards through sustainable land management
All human life ultimately depends on land including the soil and water found there. From land, food is grown, on it protective shelters are raised, and through and across it the fresh water we drink is purified and delivered. Land provides humans with the means to live, and from the first steps tread upon it, has been a patient provider of vital resources.
Understanding the cost of inaction and benefits of action are important in order for all stakeholders to be able to make sound, informed decisions about the amount and type of investments in land they make. Even though techniques for sustainable land management are known, many barriers remain and the financial and economic aspects are often put forward as primary obstacles.
If the full value of land is not understood by all stakeholders, it may not be sustainable managed, leaving future generations with diminished choices and options to secure human and environmental well-being. A better understanding of the economic value of land will also help correct the imbalance that can occur between the financial value of land and its economic value.