Choke Mountain Range Wetland Ecosystem is one of the most productive naturalrnresource of the country. The mountain is considered as the water tower of the Upper BluernNile River (or Abay in Amharic). More than 59 rivers and 273 small springs which arernthe main tributaries of Blue Nile or Abay originate from this mountain. In addition tornapproximately 3386 km2 wetland area, the mountain is endowed with resources forrnpotential recreation. The main attractions of the mountain include the existence of anrnimpressive landscape, unique and common biological diversity and the cool temperaternagro-ecological (Wurch) zone.rnHowever, the resources are facing critical problems of high degree of exploitation andrndegradation. Some of the responsible factors for the degradation of the area are limitedrnawareness of the society about the multidimensional values derived from these mountainrnwetlands, ever-mounting population pressure, over grazing and lack of intervention byrngovernment. Consequently, 607 km2 of seasonal wetland with low moisture and 22.4 km2rnof open water of the mountain have lost within the last 20 years. In addition to this muchrnfauna and flora species also disappeared.rnTo assign monetary values for the multi-functions and services offered by this mountainrnwetland ecosystem, the study applied choice experiment valuation method by using fourrnidentified attributes i.e. biodiversity, water availability, recreational facilities and lastlyrnthe monetary payment attribute. Multinomial and random parameter logit models werernused to analyze the data collected from a sample of 250 respondents (farmers). All thernattributes were significant in affecting the probability of choosing an alternative scenariornand had the expected sign except negative effect of biodiversity. The result forrnbiodiversity is perhaps because of farmersâ€™ expectations about the negative effects ofrnfuture policy change on their current consumption of the mountain resources and perhapsrnlimited awareness about the use and non use values derived from biodiversity. But thernmarginal willingness to pay for availability of water was the highest (birr 155 annually)rnwhich was followed by availability of recreational facilities (birr 36 per year). Moreover,rnthe estimated compensating surplus for high impact improvement scenario, mediumrnimpact improvement scenario, and low impact improvement scenario were birr 444, birrrn490 and birr 143 respectively.