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Will Southern Agriculture Play A Role In A Carbon Market?

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  • Zeuli, Kimberly A.
  • Skees, Jerry R.

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.

Suggested Citation

  • Zeuli, Kimberly A. & Skees, Jerry R., 2000. "Will Southern Agriculture Play A Role In A Carbon Market?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-14, August.
    • Handle: RePEc:ags:joaaec:15492
    DOI: 10.22004/ag.econ.15492
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    References listed on IDEAS

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    4. Pautsch, Gregory R. & Babcock, Bruce A., 1999. "Relative Efficiency of Sequestering Carbon in Agricultural Soils Through Second Best Instruments," Staff General Research Papers Archive 1887, Iowa State University, Department of Economics.
    5. Pautsch, Gregory R. & Babcock, Bruce A. & Hurley, Terrance M. & Campbell, Todd D., 1999. "Relative Efficiency Of Sequestering Carbon In Agricultural Soils Through Second Best Market-Based Instruments," 1999 Annual meeting, August 8-11, Nashville, TN 21669, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Ribaudo, Marc & Greene, Catherine & Hansen, LeRoy & Hellerstein, Daniel, 2010. "Ecosystem services from agriculture: Steps for expanding markets," Ecological Economics, Elsevier, vol. 69(11), pages 2085-2092, September.
    2. Canales, Elizabeth & Bergtold, Jason S. & Williams, Jeffery & Peterson, Jeffrey, 2015. "Estimating farmers’ risk attitudes and risk premiums for the adoption of conservation practices under different contractual arrangements: A stated choice experiment," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205640, Agricultural and Applied Economics Association.
    3. Charles A. Zelek & Gerald E. Shively, 2003. "Measuring the Opportunity Cost of Carbon Sequestration in Tropical Agriculture," Land Economics, University of Wisconsin Press, vol. 79(3), pages 342-354.

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