Cover Crops on Illinois Farms

Sarah C. Sellars, Gary D. Schnitkey and Laura F. Gentry

Journal of the ASFMRA, 2023, vol. 2023

Abstract: Cover crop use is increasing on U.S. farms, but it remains low. The main reason for low adoption rates is the financial and management challenges of cover crops. Using a unique, field-level dataset from Illinois farms, we find that on average, cover crop fields have a lower operator and land return due to the additional seed, planting, and termination cost. Financial assistance is necessary for cover crop fields to be as profitable as non-cover crop fields. We also consider the carbon sequestration potential of cover crop fields using the Cool Farm Tool and estimate farmer carbon credit payments for cover crops.

Keywords: Agricultural Finance; Crop Production/Industries; Environmental Economics and Policy (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jasfmr:342890

DOI: 10.22004/ag.econ.342890

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