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Impact of Environmental Values on the Breakeven Price of Switchgrass

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  • Debnath, Deepayan
  • Stoecker, Arthur L.
  • Epplin, Francis M.

Abstract

This 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.

Suggested Citation

  • Debnath, Deepayan & Stoecker, Arthur L. & Epplin, Francis M., 2013. "Impact of Environmental Values on the Breakeven Price of Switchgrass," 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida 142563, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea13:142563
    DOI: 10.22004/ag.econ.142563
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    Cited by:

    1. Anand, Mohit & Duffy, Patricia & Bransby, David, 2017. "Will switchgrass as a bio-crop be adopted by the farmers?," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252724, Southern Agricultural Economics Association.

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    Keywords

    Agribusiness; Environmental Economics and Policy; Land Economics/Use; Production Economics;
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