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Producer Preference for Land-Based Biological Carbon Sequestration in Agriculture: An Economic Inquiry

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  • Jiang, Yong
  • Koo, Won W.

Abstract

This study was intended to develop an understanding of producer preference for land-based carbon sequestration in agriculture. We conducted a mail survey to elicit producer choice to provide marketable carbon offsets by participating in different carbon credit programs characterized by varying practices. Based on a quantitative analysis, we found that: 1) the market price for carbon offsets could increase producer participation in carbon sequestration; 2) producers perceived differentially different but correlated private costs for adopting carbon sequestering practices, depending on production attributes; and 3) relatively high carbon prices would be needed to stimulate producer provision of carbon offsets by land-based carbon sequestration activities. A simulation of producer choice with agricultural census data estimated potential carbon offsets supply in the Northern Great Plains region. This study contributes to the economic understanding of agricultural potential for greenhouse gas mitigation.

Suggested Citation

  • Jiang, Yong & Koo, Won W., 2011. "Producer Preference for Land-Based Biological Carbon Sequestration in Agriculture: An Economic Inquiry," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 104512, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea11:104512
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    File URL: http://purl.umn.edu/104512
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    References listed on IDEAS

    as
    1. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2006. "Land-use change and carbon sinks: Econometric estimation of the carbon sequestration supply function," Journal of Environmental Economics and Management, Elsevier, vol. 51(2), pages 135-152, March.
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    Keywords

    greenhouse gas; carbon sequestration; producer stated preferences; agriculture; economics; carbon offsets; carbon markets; Agricultural and Food Policy; Environmental Economics and Policy; Farm Management; Land Economics/Use; Production Economics; Resource /Energy Economics and Policy; Q54; Q52; Q58;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q52 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Pollution Control Adoption and Costs; Distributional Effects; Employment Effects
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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