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Can Water Quality Trading Fix the Agricultural Nonpoint Source Problem?

Author

Listed:
  • Kurt Stephenson

    (Department of Agricultural and Applied Economics, Virginia Tech, Blacksburg, Virginia 24061)

  • Leonard Shabman

    (Resources for the Future, Washington, DC 20036)

Abstract

Policy analysts and government agencies promote a particular form of what they term water quality trading as a means to address the most vexing obstacle to meeting water quality standards: reducing nutrient pollutants from agricultural nonpoint sources. However, agricultural nonpoint sources’ participation in water quality trading programs will only make limited contributions to lowering overall pollutant loads. We argue that economists need to more clearly articulate the limitations of current and proposed water quality trading programs as a water quality management strategy. A new generation of market-like incentive policies will be necessary to make significant progress in reducing agricultural nonpoint source loads.

Suggested Citation

  • Kurt Stephenson & Leonard Shabman, 2017. "Can Water Quality Trading Fix the Agricultural Nonpoint Source Problem?," Annual Review of Resource Economics, Annual Reviews, vol. 9(1), pages 95-116, October.
    • Handle: RePEc:anr:reseco:v:9:y:2017:p:95-116
    DOI: 10.1146/annurev-resource-100516-053639
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    Citations

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    Cited by:

    1. Filippelli, Raphael & Termansen, Mette & Hasan, Syezlin & Hasler, Berit & Hansen, Line & Smart, James C.R., 2022. "Water quality trading markets – Integrating land and marine based measures under a smart market approach," Ecological Economics, Elsevier, vol. 200(C).
    2. Meyer, Andrew G. & Raff, Zach, 2022. "Pass-through of water pollution regulation: Evidence from sewer utility bills and Wisconsin's phosphorus rule," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322444, Agricultural and Applied Economics Association.
    3. Duke, Joshua M. & Liu, Hongxing & Monteith, Tyler & McGrath, Joshua & Fiorellino, Nicole M., 2020. "A method for predicting participation in a performance-based water quality trading program," Ecological Economics, Elsevier, vol. 177(C).
    4. Haiyan Liu & Roy Brouwer, 2023. "What is the future of water quality trading?," Contemporary Economic Policy, Western Economic Association International, vol. 41(1), pages 194-217, January.

    More about this item

    Keywords

    water quality trading; nonpoint; agriculture;
    All these keywords.

    JEL classification:

    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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