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Improving Environmental Quality in South Florida through Silvopasture: An Economic Approach

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  • Stainback, G. Andrew
  • Alavalapati, Janaki R.R.
  • Shrestha, Ram K.
  • Larkin, Sherry L.
  • Wong, Grace

Abstract

A dynamic optimization model is used to compare the profitability of silvopasture with traditional cattle ranching in south Florida. Silvopasture can reduce phosphorus runoff from cattle ranching-a major environmental concern for Lake Okeechobee and the Everglades. Silvopasture can also sequester carbon, thereby offsetting global climate change. The effectiveness of phosphorus runoff taxes and carbon sequestration payments for inducting landowners to adopt silvopasture is investigated. We find that phosphorus taxes alone would not induce landowners to adopt silvopasture. However, payments to landowners to sequester carbon, alone or in conjunction with phosphorus runoff taxes, can make silvopasture financially competitive with traditional ranching.

Suggested Citation

  • Stainback, G. Andrew & Alavalapati, Janaki R.R. & Shrestha, Ram K. & Larkin, Sherry L. & Wong, Grace, 2004. "Improving Environmental Quality in South Florida through Silvopasture: An Economic Approach," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(2), August.
    • Handle: RePEc:ags:joaaec:43396
    DOI: 10.22004/ag.econ.43396
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    References listed on IDEAS

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    1. Andrew Stainback, G. & Alavalapati, Janaki R.R., 2002. "Economic analysis of slash pine forest carbon sequestration in the southern U. S," Journal of Forest Economics, Elsevier, vol. 8(2), pages 105-117.
    2. Huang, Ching-Hsun & Kronrad, Gary D., 2001. "The cost of sequestering carbon on private forest lands," Forest Policy and Economics, Elsevier, vol. 2(2), pages 133-142, June.
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