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Economic Valuation of Ecosystem Benefits from Conservation Practices Targeted in Iowa Nutrient Reduction Strategy 2013: A Non Market Valuation Approach

Author

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  • Mainul Hoque
  • Catherine L. Kling

Abstract

With the aim of improving water quality, the Iowa Nutrient Reduction Strategy 2014 sets a goal of reducing agricultural non-point-source generated nitrogen load by 41 percent and phosphorus load by 29 percent in Iowa's waterways. The "strategy" describes several land use that could achieve those reductions, such as widespread adoption of conservation practices in farming, land retirement, and wetland restoration that can meet the specified target reduction. The goal of the current study is to identify the range of ecosystem benefits resulting from the conservation practices associated with each of these scenarios and apply a nonmarket valuation method to monetize as many of these co-benefits as possible. The results will inform policymakers and stakeholders regarding the efficiency of the program.

Suggested Citation

  • Mainul Hoque & Catherine L. Kling, 2016. "Economic Valuation of Ecosystem Benefits from Conservation Practices Targeted in Iowa Nutrient Reduction Strategy 2013: A Non Market Valuation Approach," Center for Agricultural and Rural Development (CARD) Publications 16-wp561, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:16-wp561
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    References listed on IDEAS

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    1. Duke, Joshua M. & Borchers, Allison M. & Johnston, Robert J. & Absetz, Sarah, 2012. "Sustainable agricultural management contracts: Using choice experiments to estimate the benefits of land preservation and conservation practices," Ecological Economics, Elsevier, vol. 74(C), pages 95-103.
    2. Xue, Xiaobo & Pang, YuLei & Landis, Amy E., 2014. "Evaluating agricultural management practices to improve the environmental footprint of corn-derived ethanol," Renewable Energy, Elsevier, vol. 66(C), pages 454-460.
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    Cited by:

    1. Shr, Yau-Huo (Jimmy) & Zhang, Wendong, 2024. "Omitted downstream attributes and the benefits of nutrient reductions: Implications for choice experiments," Ecological Economics, Elsevier, vol. 222(C).
    2. Schilling, Keith E. & Streeter, Matthew T. & Vogelgesang, Jason & Jones, Christopher S. & Seeman, Anthony, 2020. "Subsurface nutrient export from a cropped field to an agricultural stream: Implications for targeting edge-of-field practices," Agricultural Water Management, Elsevier, vol. 241(C).
    3. Shr, Yau-Huo (Jimmy) & Zhang, Wendong, 2021. "Does Omitting Downstream Water Quality Change the Economic Benefits of Nutrient Reduction? Evidence from a Discrete Choice Experiment," ISU General Staff Papers 202101010800001067, Iowa State University, Department of Economics.
    4. Shr, Yau-Huo Jimmy & Zhang, Wendong, 2021. "Does Omitting Downstream Water Quality Change the Economic Benefits of Nutrient Reduction Programs: Evidence from a Discrete Choice Experiment," 2021 Annual Meeting, August 1-3, Austin, Texas 313927, Agricultural and Applied Economics Association.
    5. Yau-Huo Shr & Wendong Zhang, 2021. "Do Iowa Residents and Farmers Care about Improving Water Quality and Reducing Harmful Algal Blooms? Results from Two Household Surveys," Center for Agricultural and Rural Development (CARD) Publications 21-pb32, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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