Valuing the Potential of Non-timber Forest Products in Financial Valuation of Savannah Formation in Sudanian Region

Abstract

This study assesses the financial value of one hectare of savannah vegetation in Sudanian region of West Africa based on the potential extraction of Non Timber Forest Products (NTFPs). Our methodology provides multiple estimations of NTFPs production from each species for two years and also takes into account variation in NTFPs prices. Given the regeneration capacity of harvested species for some NTFPs such as bark or root, we presented the annual financial value of revenue from NTFPs in contrary to some studies which determined their net present value. Results showed that the Net Annual Value of NTFPs collection is US$368 ha-1 and would justify the interest of sustainable use of these resources. The most valuable products of the Pendjari Biosphere Reserve savannah were species leaves (US$164 ha-1) followed by fruits (US$89 ha-1) and roots (US$78 ha-1). However, the Net Annual Value determined here is the potential value of the Sudanian savannah in NTFPs. The NTFPs financial valuation made in this study provided a useful details for comparing alternative land use practices. In view of the sustainable use of natural resources, a NTFP focused management system could be considered economically viable management option. However, they cannot be sustainability harvested in absence of careful species selection, yield studies, monitoring of regeneration and harvesting adjustments. Therefore, there is a need to know more about useful species availability, biology and reaction to harvesting impact, especially for those exploited for their roots, flowers or fruits.