Growing Milkweed in Vermont: An Economic Case Study

Lynn G. Knight and Suzy Hodgson

No 330089, USDA Miscellaneous from United States Department of Agriculture

Abstract: Report Introduction: Over the past 10 years, farmers have shifted their views on milkweed from a weed to a potentially valuable plant. In Vermont, several farmers have gained a new appreciation for common milkweed (Asclepias syriaca). They are encouraging it for its pollinator benefits and even intentionally cultivating it as a crop for its floss and seed. This plant has some potential for Vermont farms seeking to diversify and adapt to a changing climate. In this case study, we look at approaches and related costs and benefits to growing milkweed. We provide an economic analysis of milkweed seed and floss production and look at potential demand. This study can inform agricultural producers of a potential alternative crop opportunity. One climate change strategy is to increase crop diversification by adding new perennial crops. This reduces the risk of any one crop failure having significant impact on a farm’s bottom line. Promoting milkweed production not only provides monarch butterfly habitat, but it also holds potential as an alternative crop for Northeast producers.

Keywords: Crop Production/Industries; Marketing; Production Economics; Productivity Analysis; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 19
New Economics Papers: this item is included in nep-env
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/330089/files/MilkweedNRCSVermont.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:330089

DOI: 10.22004/ag.econ.330089

Access Statistics for this paper

More papers in USDA Miscellaneous from United States Department of Agriculture
Bibliographic data for series maintained by AgEcon Search ().