Saurav Raj Kunwar, Robert G. Chambers, Laura F. Gentry, Teresa Serra
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引用次数: 0
Abstract
We derive shadow prices of carbon services provided by cover crops relative to non-cover-crop agricultural practices, accounting for carbon sequestration and greenhouse gas (GHG) emissions. We model the agricultural technology by integrating crop production, carbon sequestration, and GHG emissions. We derive a novel function representation of our technology using a data envelopment analysis (DEA). We then calculate shadow prices based on the dual representation of the technology and compare shadow prices between cover-crop and non-cover-crop fields. We find that the carbon sequestration and the GHG emissions reduction services from cover-crop fields relative to non-cover-crop fields are worth USD 17.88 and USD 9.42 per acre, respectively. We compare shadow prices to payments from an incentive program aimed at promoting cover-crop adoption, thereby highlighting the economic feasibility and potential barriers to adopting sustainable practices.
期刊介绍:
The American Journal of Agricultural Economics provides a forum for creative and scholarly work on the economics of agriculture and food, natural resources and the environment, and rural and community development throughout the world. Papers should relate to one of these areas, should have a problem orientation, and should demonstrate originality and innovation in analysis, methods, or application. Analyses of problems pertinent to research, extension, and teaching are equally encouraged, as is interdisciplinary research with a significant economic component. Review articles that offer a comprehensive and insightful survey of a relevant subject, consistent with the scope of the Journal as discussed above, will also be considered. All articles published, regardless of their nature, will be held to the same set of scholarly standards.