Bioresource Rent Value of Mt. Malindang Range Natural Park, Philippines, for Access and Benefit Sharing Scheme

The Mt. Malindang Range Natural Park (MMRNP) in the Philippines is a vital protected area that harbors a diverse range of flora and fauna with substantial economic significance. Despite the extensive research conducted within MMRNP, the monetary value of its rich biodiversity remains vastly underestimated. This research employs a combination of key informant interviews and focus group discussions with local and indigenous people (IP) communities living near MMRNP. Value chain analysis and resource rent calculation were utilized to determine the economic value of MMNRP’s bioresources and ensure their sustainability and equitable management. Through these participatory methods, nine bioresources of significant economic importance have been identified, prioritized, and found to be collected, utilized, and traded by communities. These include five floral species: Dendrocnide sp. , Calamus sp. , Cinnamomum mercadoi, Agathis philippinensis, and Gymnostoma sumatranum , and four faunal species: Limnonectes sp., Apis sp. , Apis cerana, and Sus philippensis . The estimated annual value of these economically important bioresources within MMRNP is PhP 42,708,861.20. Given its potential contribution to the local economy, the establishment of enabling policies to protect bioresources is crucial to mitigate the adverse impacts of natural resource exploitation on both economic growth and the development of local communities residing near MMRNP. It is strongly recommended that joint close monitoring and supervision by relevant agencies such as the Department of Environment and Natural Resources (DENR), local government units (LGUs), and Protected Area Management Boards (PAMB) be implemented. This approach will promote transparency and consensus building, ensuring the sustainable management of these invaluable bioresources for access and benefit of present and future generations.