Improving Environmental Quality in South Florida through Silvopasture: An Economic ApproachG. Andrew Stainback, Janaki R.R. Alavalapati (), Ram K. Shrestha, Sherry Larkin and Grace Wong Journal of Agricultural & Applied Economics, 2004, vol. 36, issue 2, pages 481-489 Abstract: A dynamic optimization model is used to compare the profitability of silvopasture with traditional cattle ranching in south Florida. Silvopasture can reduce phosphorus runoff from cattle ranching – a major environmental concern for Lake Okeechobee and the Everglades. Silvopasture can also sequester carbon, thereby offsetting global climate change. The effectiveness of phosphorus runoff taxes and carbon sequestration payments for inducing landowners to adopt silvopasture is investigated. We find that phosphorus taxes alone would not induce landowners to adopt silvopasture. However, payments to landowners to sequester carbon, alone or in conjunction with phosphorus runoff taxes, can make silvopasture financially competitive with traditional ranching. Keywords: carbon sequestration; cattle ranching; Faustmann model; global climate change; phosphorus runoff; silvopasture; slash pine; tax (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Access Statistics for this article Journal of Agricultural & Applied Economics is edited by Jeffrey M. Gillespie More articles in Journal of Agricultural & Applied Economics from Southern Agricultural Economics Association |
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