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Improving Environmental Quality in South Florida through Silvopasture: An Economic Approach AgEcon
Stainback, G. Andrew; Alavalapati, Janaki R.R.; Shrestha, Ram K.; Larkin, Sherry L.; Wong, Grace.
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.
Tipo: Journal Article Palavras-chave: Carbon sequestration; Cattle ranching; Faustmann model; Global climate change; Phosphorus runoff; Silvopasture; Slash pine; Tax; Q57; Q23.
Ano: 2004 URL: http://purl.umn.edu/43396
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