Resilient Provision of Ecosystem Services from Agricultural Landscapes: Tradeoffs Involving Means and Variances of Water Quality Improvements

Sergey Rabotyagov, Adriana Valcu and Catherine Kling

No 212815, 2016 Allied Social Sciences Association (ASSA) Annual Meeting, January 3-5, 2016, San Francisco, California from Agricultural and Applied Economics Association

Abstract: We assess the tradeoffs and synergies involved in reducing agriculture-generated nutrient loads with different levels of resilience. We optimize the selection of least-cost patterns of agricultural conservation practices for both the expected performance of the conservation actions and its variance. Securing nutrient loads with a higher level of resilience is costly, with marginal costs of resilience generally declining with lower loads. We find that the main tradeoff dimension is between cost of conservation investments and ecosystem service objectives, as opposed to pronounced mean-variance or between- nutrient objectives tradeoffs. We find relative synergies in agricultural conservation investments aimed at nutrient reductions.

Keywords: Agribusiness; Agricultural and Food Policy; Agricultural Finance (search for similar items in EconPapers)
Pages: 63
Date: 2015
New Economics Papers: this item is included in nep-agr and nep-env
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Journal Article: Resilient Provision of Ecosystem Services from Agricultural Landscapes: Trade-offs Involving Means and Variances of Water Quality Improvements (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:assa16:212815

DOI: 10.22004/ag.econ.212815

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