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| Choi, Suk-Won; Sohngen, Brent; Alig, Ralph J.. |
| This study develops a model of land use change in the Midwestern States of Ohio, Indiana, and Illinois. Given the emergence of spatial econometrics, three models are compared to assess the sensitivity of the estimates to alternative assumptions about the distribution of their errors. Projections of future land use change are then developed, and the results are compared across different assumptions about population growth and models. We then estimate carbon sequestration potential in the region and compare the costs of different programs across the population assumptions and the alternative models. Different assumptions about population growth and error terms do not appear to affect the carbon sequestration cost estimates. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy; Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20564 |
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| Choi, Suk-Won; Sohngen, Brent. |
| This paper develops a dynamic model of land, crop, and residue management choices in a typical Midwestern farm region. Carbon renting policy is implemented with alternative assumptions about relative crop prices. Model results show following results. First, crop choice between corn and soybean within a scenario does not appear to be sensitive to carbon prices. Second, residue management and carbon storage depend on crop prices and total carbon storage in soil is the greatest when more land is maintained in soybean. Third, there would be 4-7% increase in carbon per hectare with $3 per ton carbon price, 13-23% increase with $10 per ton carbon price, and 31-55% increase in carbon storage with $40 per ton carbon price. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Crop Production/Industries. |
| Ano: 2003 |
URL: http://purl.umn.edu/21930 |
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