Natural resources have been utilized severely in developing countries without considering their real values and carrying capacity. Rangelands are converted to agricultural fields to gain rapid production and money in these countries. Population growth is identified as a key factor to over utilization from natural resources and caused vast land use change, water depletion, soil erosion and loosing biodiversity around the world. This study aimed to represent rangeland economic values by evaluating some regulation ecosystem services compared with dry farmlands. Remote sensing and geographic information system were used to detect land use/cover changes in feridoonshar area in a forty years period (1975 to 2015). Some soil physical and chemical properties such soil texture, bulk density, pH, EC, carbonate calcium equivalent (CCE), N, P, K, organic matter and soil stability in various land uses including good and poor rangelands, dry farmlands and abandoned dry farmlands were measured in surface (0 to 5 cm) and sub-surface (5 to 25 cm) soil layers. Unsaturated water infiltration was measured for the different land-use types at inlet matric suction ( h ) values of 2, 5, 10 and 15 cm using a tension infiltrometer with 18 replications. Wooding's analytical method was used to model infiltration data and macroscopic capillary length (? c ) and the best-fit values for the Gardner parameter of saturated hydraulic conductivity ( K ) were calculated. Water-conducting porosity was also measured using the Watson and Luxmoore method. Philip model was used to convert infiltration values to runoff in each land uses. MPSIAC model was also used to estimate soil erosion in the study area and rangelands health conditions were determined using Range Health Method. Replacement Cost approach was used to determine the economic values of different land uses by evaluating their regulation services such as conserving soil fertility (N, P, K), gas regulation function (carbon sequestration and oxygen production), runoff control, erosion and sediment control. The economic gains obtained from regulation services from each hectare of good and poor rangelands and abandoned dry farmlands compared to dry farmlands were more than 229.5, 129.7 and 13.6 million Rials, respectively. Therefore, if we prevent good rangeland conversion to dry farmland, we avoid economic hazards in loosing soil fertility (10.2 m Rials), gas regulation function (198.9 m Rials) and controlling runoff, erosion and sediment (20.4 m Rials) in each hectare of land per year. Abandoning dry farmlands will also leads to economic values of 0.6 m Rials in soil fertility, 9.7 m Rials in gas regulation and 3.3 m Rials in runoff, erosion and sediment control compared to maintaining dry farmlands. This finding indicates the importance of maintaining and conserving rangelands and highlights the economic benefits of preventing land use changes (rangelands to dry farmlands) in the study area. It can be concluded that less manipulation of natural land-use can improve the soil structure, stability and infiltrability and prevent unsustainable land-use modification. Documenting land-use change can assist land managers and policy makers in avoiding further degradation in all terrestrial ecosystems.