Efficiency of Sequestering Carbon in Agricultural Soils (The)
Agricultural tillage practices are important human-induced activities that can alter carbon emissions from agricultural soils and have the potential to contribute significantly to reductions in greenhouse gas emission (Lal et al., 1998). This research investigates the expected costs of sequestering carbon in agricultural soils under different subsidy and market-based policies. Using detailed National Resources Inventory data, we estimate the probability that farmers adopt conservation tillage practices based on a variety of exogenous characteristics and profit from conventional practices. These estimates are used with physical models of carbon sequestration to estimate the subsidy costs of achieving increased carbon sequestration with alternative subsidy schemes.
|Date of creation:||01 Aug 2001|
|Date of revision:|
|Publication status:||Published in Contemporary Economic Policy, August 2001, vol. 19, pp. 123-34|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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- JunJie Wu & Bruce A. Babcock & P. G. Lakshminarayan, 1996.
"Choice of Tillage, Rotation, and Soil Testing Practices: Economic and Environmental Implications, The,"
Center for Agricultural and Rural Development (CARD) Publications
96-wp161, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- Wu, JunJie & Babcock, Bruce A., 1998. "Choice of Tillage, Rotation, and Soil Testing Practices: Economic and Environmental Implications (The)," Staff General Research Papers 979, Iowa State University, Department of Economics.
- Amemiya, Takeshi, 1981. "Qualitative Response Models: A Survey," Journal of Economic Literature, American Economic Association, vol. 19(4), pages 1483-1536, December.
- Paul D. Mitchell, 1997. "Cost of Production System Budgets," Center for Agricultural and Rural Development (CARD) Publications 97-tr37, Center for Agricultural and Rural Development (CARD) at Iowa State University.
- JunJie Wu & Bruce A. Babcock, 1998. "The Choice of Tillage, Rotation, and Soil Testing Practices: Economic and Environmental Implications," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 494-511.
- Antle, John M. & Capalbo, Susan Marie & Mooney, Sian & Elliott, Edward T. & Paustian, Keith H., 2000. "Economics Of Agricultural Soil Carbon Sequestration In The Northern Plains," Trade Research Center Research Discussion Papers 29239, Montana State University, Department of Agricultural Economics and Economics.
- Babcock, Bruce A. & Campbell, Todd & Gassman, Philip W. & Hurley, Terrance M. & Mitchell, Paul D. & Otake, Toshitsugu & Siemers, Mark & Wu, JunJie, 1998. "RAPS 1997: Agricultural and Environmental Outlook," Staff General Research Papers 1158, Iowa State University, Department of Economics.
- Johnson, Stanley R. & Lakshminarayan, P. G. & Gassman, Philip W. & Siemers, Mark & Otake, Toshitsugu & Opsomer, Jean D. & Babcock, Bruce A. & Campbell, Todd & Wu, JunJie & Mitchell, Paul D. & Bishop, , 1996. "RAPS 1996: Agricultural and Environmental Outlook," Staff General Research Papers 1002, Iowa State University, Department of Economics.
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