WILL SOUTHERN AGRICULTURE PLAY A ROLE IN A CARBON MARKET?

Kimberly A. Zeuli and Jerry R. Skees

Journal of Agricultural and Applied Economics, 2000, vol. 32, issue 2, 14

Abstract: While a carbon market offers substantial opportunities for US agriculture, regional differences in such a market are often ignored. This paper focuses on the advantages and challenges for agriculture in the South. The potential of two promising options are analyzed: conversion from cropland to forests and greater use of conversation tillage. It is argued that the right institutional arrangements can overcome three fundamental challenges to an efficient carbon market: transaction costs, risk, and perverse incentives. Some examples are given, such as the use of a farmer-owned organization and the provision of land use and carbon information by the government.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15492

DOI: 10.22004/ag.econ.15492

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