Economic Rationale

 

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What do economics have to do with weeds and other invasive exotic species? Actually quite a lot, both on an individual scale and on a public scale. Fortunately, few argue that economic loss is a good thing.  However, when exotic species result in profit, the debate grows.

Weeds damage the nation’s economy.

Property values of infested areas are likely to decrease as weeds spread and the public becomes increasingly aware of their impacts. This can be seen for ranches in the western United States where leafy spurge (Euphorbia esula), another invasive plant, has ruined millions of acres of rangeland for grazing. In the south, the kudzu vine (Pueraria lobata) has impacted vast landscapes by killing trees and overgrowing power lines, houses, and land. Besides agriculture and home values, weeds can also adversely affect tourism, hunting and fishing, and the timber industries to name a few.

Economics must also be considered when attempting to remove exotic species from an area. The cost of restoration increases as the infestation grows and the seed bank of native species in the soil diminishes.  The cost of seeds of high diversity native species is much higher than the cost of exotic plant seeds.

Exotics cause many other forms of economic loss.  Most of the serious agricultural weeds which cost U.S. farmers millions of dollars in the cost of management and lost yield are exotic. Wetland plants like purple loosestrife (Lythrum salicaria) cause serious reductions in waterfowl and aquatic furbearers and aquatic plants like water hyacinth (Eichhornia crassipes) reduce access for sport fishing.

Exotic species improve the economy.

Not all species introductions result in economic losses. Most of our agricultural products are derived from exotic species. In addition, most of our agriculture depends on other exotic species for pollination or forage. The horticultural industry depends on many exotic species and the introduction of exotic plants to extreme (cold, dry, hot) environments improves the productivity of many areas. Even serious weeds may have value, as is the case with Kudzu (Pueraria lobata), which provides high-protein forage for livestock.

See also the Role of Aesthetics

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