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Carbon Sequestration: a Potential Source of Income for Farmers

Author

Listed:
  • Ribera, Luis
  • McCarl, Bruce
  • Zenteno, Joaquin

Abstract

Concerns regarding climate changes due to human activities have largely increased in the past few years. Scientists believe that atmospheric build-up of greenhouse gas (GHG) lead to climate change. The agricultural industry could play a role in the reduction of atmospheric GHGs by sequestering carbon through crop production, rangeland and afforestation offsets. However, there is a limited economic opportunity for landowners to participate in the carbon market as carbon prices have ranged over the years between $2 to $5 per tonne and currently is around $6 leading to returns on the order of $1-5 per acre.

Suggested Citation

  • Ribera, Luis & McCarl, Bruce & Zenteno, Joaquin, 2009. "Carbon Sequestration: a Potential Source of Income for Farmers," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2009, pages 1-8.
    • Handle: RePEc:ags:jasfmr:189848
    DOI: 10.22004/ag.econ.189848
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    File URL: https://ageconsearch.umn.edu/record/189848/files/300_Ribera.pdf
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    References listed on IDEAS

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    1. Butt, Tanveer & McCarl, Bruce, 2005. "Implications of Carbon Sequestration for Landowners," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2005, pages 1-7.
    2. Christopher N. MacCracken & James A. Edmonds & Son H. Kim & Ronald D. Sands, 1999. "The Economics of the Kyoto Protocol," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 25-71.
    3. Butt, Tanveer A. & McCarl, Bruce A., 2004. "Farm and Forest Carbon Sequestration: Can Producers Employ it to Make Some Money?," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 19(3), pages 1-6.
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    Cited by:

    1. Oranuch Wongpiyabovorn & Alejandro Plastina & John M. Crespi, 2021. "US Agriculture as a Carbon Sink: From International Agreements to Farm Incentives," Center for Agricultural and Rural Development (CARD) Publications 21-wp627, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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