Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. Abstract: Planted forests are increasingly recognised for the provision of habitats for species threatened with extinction. Despite this development, a limited number of empirical studies have been undertaken to estimate the economic value of this ecosystem service. New Zealand's planted forests provide habitat to at least 118 threatened species. These forests can be managed to increase the abundance of many of these species. We present findings from survey data obtained in a discrete choice experiment designed to estimate the non-market values for a proposed biodiversity enhancement programme in New Zealand's planted forests. We used a two-stage modelling process. First we estimated the individual specific willingness to pay values and then we explored their socioeconomic and spatial determinants. The first stage modeling process, which used a random parameters logit model with error components, suggested that willingness to pay was higher for increasing the abundance of native bird than for non-bird species. The second stage model used a least squares panel random-effects regression. Results from this method suggested that socioeconomic characteristics, such as attitudes toward the programme and distance from large planted forests, influenced willingness to pay for biodiversity enhancement.We would like to thank Reviewers 2 and 3 for their additional comments that helped 1 improved the quality of this manuscript. Our responses to their comments are in italics 2 below. 3 4Reviewers' comments: 5 6Reviewer #2: Based on the second revision I would now suggest the manuscript for 7 publication; I have just two minor points: 8 1) You may check whether all references you make are really essential; e.g., concerning 9 the experimental design you have in line 232 in total 7 references. Given the length of the 10 manuscript and as design criteria are not really your topic please consider to reduce the 11 references to those that are really essential for your work 12 13Thank you for this comment. References now reduced to 2. 14 152) Again, I would not insist on dropping the RPL model without error component ( In the set of keywords, we changed "random parameters logit with error components" to 49 "random parameters logit model" 50 51 2. Similarly, the manuscript could be easily shortened by just including Model C. There 52 is nothing to be learned from Model A and B when C is included. The authors want to 53 focus on spatial attributes (see title) so that the inclusion of models A and B ...

Background: Prior research in 2005 and 2008 estimated planted forest investment returns for a set of countries and included some natural forest species in a few countries. This research has extended those analyses to a larger set of countries and focused on plantation species, for seven years. This research serves as a "benchmarking" exercise that helps identify comparative advantages among countries for timber investment returns, as well as other institutional, forestry, and policy factors that affect investments. Furthermore, it extends the analyses to examine the effects of land prices, environmental regulations, and increased productivity on timber investment returns, as well as comparing timber returns with traditional stock market returns.

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We employ an integrated spatial economic model to assess the net private and public benefits of converting marginal agricultural land into forest plantations (afforestation) in New Zealand. For numerous locations, we conduct policy analysis considering the magnitudes of net private and public benefits of land-use changes to determine whether a policy response is justified and, if so, to identify the appropriate policy instruments to encourage adoption of afforestation. Net private benefit is commonly negative, so much so, that in most cases no policy response is justified. However, in certain cases, net private benefits are slightly negative and public benefits are significantly positive justifying the use of positive incentives as the most appropriate policy instrument to encourage afforestation in New Zealand. The most commonly used policy instruments for afforestation in New Zealand, extension and awareness training, are found to be appropriate in only a minority of situations.

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1. Growing interest and affordability of environmental DNA and RNA (eDNA and eRNA) approaches for biodiversity assessments and monitoring of complex ecosystems have led to the emergence of manifold protocols for nucleic acids (NAs) isolation and processing. Although there is no consensus on a standard-

Panel data are used to study the technical efficiency of rice producers in the Philippines. Production efficiency over time is measured using a stochastic frontier regression with error decomposition. Sources of inefficiency are identified and the link between irrigation and productive efficiency is measured. Results suggest that irrigation was associated with higher levels of technical efficiency in the sample. . We thank Ken Foster, Will Masters, Doug Miller and an anonymous reviewer for helpful comments. Tim Coelli also kindly provided suggestions as well as access to software.

Credence or believability are paramount values in trade. The role of products’ credence attributes has been well-analysed in the agricultural and food sector. This study examined the application of credence attributes to forest management and forest products marketing for the first time. We describe specific credence attributes of forest products and highlight their values, benefits, and importance in international trade. We used Delphi interviews of experts and surveyed forest and trade experts to assess the perceived merits of credence attributes in the forestry sector. We also compared certification schemes and sustainable forest management (SFM) indicators against credence values. We found that credence attributes play an important role in the forestry sector for both timber forest products and non-timber forest products (NTFP). While some credence attributes, such as the legality of forest products, already form the basis for trade and certification and are standard practice, other credence attributes are rising in awareness and could potentially create new markets. This study revealed the potential value of health aspects of forest products, particularly regarding NTFP and recreational services. Certification schemes and SFM provide credence at a collective level, and must encompass the rising importance of individual credence attributes of these newer important values. Last, we summarized the emerging environmental, social, and governance (ESG) investment practices to assess how credence factors may help affect such investments. Awareness of credence attributes can inform ESG criteria, certification schemes, and sustainable forest management frameworks about present or potentially future market expectations. Sustaining and enhancing natural capital and the flow of ecosystem services they provide, as well as social and human capital, will play an increasingly important role for forestry companies in the next decade. A better understanding of forestry credence attributes can inform the management of ESG of forestry industries and markets more effectively.