Flood regulation is a widely valued and studied service provided by watersheds. Flood regulation benefits people directly by decreasing the socio-economic costs of flooding and indirectly by its positive impacts on cultural (e.g., fishing) and provisioning (e.g., water supply) ecosystem services. Like other regulating ecosystem services (e.g., pollination, water purification), flood regulation is often enhanced or replaced by technology, but the relative efficacy of natural versus technological features in controlling floods has scarcely been examined.

The scholarly debate around 'global land grabbing' is advancing theoretically, methodologically and empirically. This study contributes to these ongoing efforts by investigating a set of 'small-scale land acquisitions' in the context of a recent boom in banana plantation investments in Luang Namtha Province, Laos. In relation to the actors, scales and processes involved, the banana acquisitions differ from the state-granted large-scale land acquisitions dominating the literature on 'land grabbing' in Laos.

While scholars long recognized the importance of land markets as a key driver of rural non-farm development and transformation in rural areas, evidence on the extent of their operation and the nature of participants remains limited. We use household data from 6 countries to show that there is great potential for such markets to increase productivity and equalize factor ratios. While rental markets transfer land to land-poor and labor-rich producers, their operation and thus impact may be constrained by policy restrictions.