The Supply of Nondegraded Agricultural Land
Profitability increases because of favourable product or factor price changes provide incentives for profit-maximising farmers, who use soils in conjunction with other cooperant inputs, to increase their investment in the preservation of soil-quality, whenever there exist economically viable technologies for preserving soils. However, when such technologies do not exist, regardless of whether farmers utilise soils as non-renewable or renewable resources, such profitability increases are associated with a long-run deterioration in soil quality.
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References listed on IDEAS
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- Wesley D. Seitz & C. Robert Taylor & Robert G. F. Spitze & Craig Osteen & Mack C. Nelson, 1979. "Economic Impacts of Soil Erosion Contro," Land Economics, University of Wisconsin Press, vol. 55(1), pages 28-42.
- Barrett, Scott, 1991. "Optimal soil conservation and the reform of agricultural pricing policies," Journal of Development Economics, Elsevier, vol. 36(2), pages 167-187, October.
- Kirby, Michael G. & Blyth, Michael J., 1987. "Economic Aspects Of Land Degradation In Australia," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 31(02), August.
- David J. Walker & Douglas L. You, 1986. "The Effect of Technical Progress on Erosion Damage and Economic Incentives for Soil Conservation," Land Economics, University of Wisconsin Press, vol. 62(1), pages 83-93.
- Harry R Clarke, 1991.
"Land Degradation and Prices,"
1991.14, School of Economics, La Trobe University.
- Clarke, Harry R. & Shrestha, Ram M., 1986. "Long run equilibrium properties of renewable resource management models," Resources and Energy, Elsevier, vol. 8(3), pages 279-308, September.
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