Impact of Environmental Values on the Breakeven Price of Switchgrass
AbstractThis study estimates the farm-gate breakeven price of switchgrass relative to wheat in Oklahoma. The breakeven price of switchgrass is determined for two situations: when external consequences are ignored and when the environment costs of changes in soil erosion, fertilizer (nitrogen and phosphorous) runoff, and soil organic carbon are considered. Results suggest that the farm-gate breakeven price of switchgrass from the internal cost only perspective is higher than the cost if the value of the selected external consequences is considered. The potential environmental benefits are greater if highly erodible land is switched from annual cropping to switchgrass.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida with number 142563.
Date of creation: 04 Feb 2013
Date of revision:
Agricultural Runoffs; Farm-gate Breakeven Price; Switchgrass; Soil Organic Carbon; Agribusiness; Environmental Economics and Policy; Land Economics/Use; Production Economics; Q24; Q42; Q51;
Find related papers by JEL classification:
- Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
- Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-AGR-2013-02-16 (Agricultural Economics)
- NEP-ALL-2013-02-16 (All new papers)
- NEP-ENV-2013-02-16 (Environmental Economics)
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