Laserfiche WebLink
Executive Summary <br />predict the impacts of potential land use changes on the economy of the study area. A <br />spreadsheet model was developed to evaluate the following potential economic impacts <br />associated with the proposed Program <br />Agricultural Production - Changes in total sales, employment and income (direct, <br />indirect and induced) to the study area economy from changing current and future <br />agricultural land uses to protected wildlife habitat. <br />Habitat Restoration and Management - Changes in sales, employment and <br />income (direct, indirect and induced) to the study area economy from restoring <br />and managing habitat complexes. <br />■ Recreation - Changes in total sales, employment and income (direct, indirect and <br />induced) to the study area economy from a potential increase in recreational <br />activities on habitat lands (e.g. hunting, bird watching). <br />Employment includes the number of full-time and part-time wage and salary jobs in the study <br />area. Income includes wages and salaries, proprietor's income, profit and rent earned in the <br />study area. <br />The economic impact of the proposed Program can be described in terms of changes in the <br />direct, indirect and induced sales, income, and employment generated in the region due to the <br />change in land use. The direct, indirect and induced economic impacts are captured by the <br />regional economic model and for this study are described as follows. <br />Direct impacts/sectors - Changes in production by those sectors directly affected by a change in <br />land use can cause changes in sales of these sectors and changes in employment and income to <br />proprietors, property owners, and employees of the sector(s). <br />Indirect impacts/sectors - Changes in sales, income and employment can occur in other sectors in <br />the study area because these sectors provide goods and services to the direct sector(s). <br />Induced impacts/sectors - Changes in sales, income and employment can occur in those sectors <br />that provide goods and services to the indirect sector(s) and to the employees of the direct and <br />indirect sectors. <br />Economic Impact As the Program Affects Agricultural Production <br />The economic impact of the Program from reduced agricultural production under Scenarios 1, 2 <br />and 3 relative to the baseline condition are presented in Tables ES -1 and ES -2. Under Scenario 1 <br />and Scenario 2, the Program is expected to reduce total (direct, indirect and induced) income in <br />the study area over the twenty -year study period due to reduced agricultural production relative <br />to the baseline condition. The present value of the change in total income over the twenty year <br />period is estimated to be - $774,000 under Scenario 1 and - $995,000 under Scenario 2. Under <br />Scenario 3, total income is expected to be higher than under the baseline condition because <br />Hwd.40210R009.doc ES-6 Third Party Impact Study <br />Final Report <br />