United StatM Environmental Protection Agency Office of Water (WH-556F). Office of Wetlands, Oceans, and Watersheds (A-104 F) EPA843-F-93-001 d March 1993 WETLANDS FACT SHEET # 4 Economic Benefits of Wetlands Wetlands contribute to the National economy through the resources/commodities they produce and the services they provide. In 1991, the dockside value of fish landed in the U.S. was $33 billion which served as the basis of a $26.8 billion fishery processing and sales industry which employs hundreds of thousands of people. It has been estimated that 71 % of this value is derived from fish species that during their lifecydedepend directly or indirectly on coastal wet- lands. Also, more than half of all U.S. adults (98 million Americans) hunt, fish, birdwatch or photograph wildlife. These activities which rely on wetlands added an estimated $59.5 billion to theNation'seconomy in 1991. Due to the diversity of wetland types and their loca- tion, each wetland provides different products and ser- vices. This fact makes it ex- tremely difficult to measure the total eco- nomic benefits all wetlands, ora particular type, provide for the entire nation. However, some site-specific studies have been completed that illustrate the economic benefits to society of preserving wetlands. It should be remembered that these studies usually measure only one or several of the many functions or values wet- lands provide to sodery. Resources and Services Water quality service/ improvement The wetlandsof theCongareeBottomland Hard- wood Swamp in South Carolina provide valu- able water quality functions such as sediment removal as well as toxicant and excess nutrient removal or filtration. The least cost substitute for the water quality services provided would be a water treatment plant costing $5 million [1990$]. Flood control: The Minnesota Depart- ment of Natural Resources has computed the cost to replace on average each acre-foot of flood water storage at $300. In other other words, if development eliminates a one acre wetland that naturally holds 12 inches of water storage dur- ing a storm, it would cost the public $300 to replace that water storage. The cost to replace the 5,000 acres of wetlands lost annually in Minnesota would be $1.5 million [1990$]. Fishing Industry: Wet- lands are important spawn- ing and nursery areas and provide plant food for com- mercial and recreational fish -w and shellfish industries. Louisiana's marshes, for ex- ample, produce an annual commercial fish and shellfish harvest of 1.2 billion pounds worth $244 million in 1991. Michigan: A1977 study estimated that Michigan's over-100,000 acres of coastal wetlands produced an economic value of $489.69 per acre or an aggregate $51.8 million [1977$]. This figure measured the individual sendees provided by the wetlands (see chart below). Economic value of wetland services in Michigan (1977) 300/ For Mora Information: call the EPA Wetlands HotHne* at 1-800-832-7828 ------- |