Economic and Environmental Co-benefits of Carbon Sequestration in Agricultural Soils: Retiring Agricultural Land in the Upper Mississippi River Basin

dc.contributor.author Kling, Catherine
dc.contributor.author Kurkalova, Lyubov
dc.contributor.author Gassman, Philip
dc.contributor.author Feng, Hongli
dc.contributor.department Center for Agricultural and Rural Development
dc.date 2018-02-16T14:31:59.000
dc.date.accessioned 2020-06-30T01:04:25Z
dc.date.available 2020-06-30T01:04:25Z
dc.date.embargo 2015-06-17
dc.date.issued 2005-02-01
dc.description.abstract <p>This study investigates the carbon sequestration potential and co-benefits from policies aimed at retiring agricultural land in the Upper Mississippi River Basin, a large, heavily agricultural area. We extend the empirical measurement of co-benefits from the previous focus on environmental benefits to include economic transfers. These transfers have often been mentioned as a co-benefit, but little empirical work measuring the potential magnitude of these transfers has previously been undertaken. We compare and contrast five targeting schemes, each based on maximizing different physical environmental measures, including carbon sequestration, soil erosion, nitrogen runoff, nitrogen leaching, as well as the area enrolled in the program. In each case, the other environmental benefits and economic transfers are computed. We find that the geographic distribution of co-benefits (including economic transfers) varies significantly with the benefit targeted, implying that policy design related to targeting can have very important implications for both environmental conditions and income distributions in sub-regions.</p>
dc.identifier archive/lib.dr.iastate.edu/card_workingpapers/384/
dc.identifier.articleid 1403
dc.identifier.contextkey 7231471
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath card_workingpapers/384
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/12725
dc.source.bitstream archive/lib.dr.iastate.edu/card_workingpapers/384/05wp384.pdf|||Fri Jan 14 23:53:24 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Natural Resource Economics
dc.subject.disciplines Regional Economics
dc.subject.keywords carbon sequestration
dc.subject.keywords co-benefits
dc.subject.keywords co-effects
dc.subject.keywords economic transfers
dc.subject.keywords environmental benefits targeting
dc.subject.keywords Upper Mississippi River Basin
dc.title Economic and Environmental Co-benefits of Carbon Sequestration in Agricultural Soils: Retiring Agricultural Land in the Upper Mississippi River Basin
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication 14c92c4e-682b-4115-b972-a8c4a58874ec
relation.isAuthorOfPublication 391fa56d-abad-402c-a62c-06701fca45ad
relation.isOrgUnitOfPublication 1a6be5f1-4f64-4e48-bb66-03bbcc25c76d
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