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- 2010532939 abstract "The purpose of this study is to examine the possible impacts of cap-and-trade climate policy on agricultural producers in North Dakota. In this study, we focused on carbon sequestration potential and production cost impacts of carbon prices, and explicitly considered farmer preferences and adaptation behavior to estimate the benefits and costs of greenhouse gas cap-and-trade. Based on empirically estimated farmer behavior models, a policy simulation with agricultural census data identified farmer acreage allocation for carbon sequestration, carbon offset supplies and revenues, the production cost impacts of carbon prices, and impacts on net farm income and their distributions among heterogeneous farmers. Our analysis found that: 1) farmer ex ante preferences in general were biased against carbon sequestration participation although farmer involvement increased with carbon prices; 2) with the fertilizer industry exempted from cap-and-trade regulation, the production cost impact would be small, and more than half of the farms would gain with a carbon price possibly greater than $10 per metric ton of carbon; and 3) the production cost impact with a caped [sic] fertilizer industry would be 2 times higher, and more than half of the famrs or farmland would lose unless the carbon price would reach more than $55 per metric ton of carbon.".
- 2010532939 contributor B12031037.
- 2010532939 contributor B12031038.
- 2010532939 contributor B12031039.
- 2010532939 created "c2010.".
- 2010532939 date "2010".
- 2010532939 date "c2010.".
- 2010532939 dateCopyrighted "c2010.".
- 2010532939 description "Includes bibliographical references (p. 17-18).".
- 2010532939 description "The purpose of this study is to examine the possible impacts of cap-and-trade climate policy on agricultural producers in North Dakota. In this study, we focused on carbon sequestration potential and production cost impacts of carbon prices, and explicitly considered farmer preferences and adaptation behavior to estimate the benefits and costs of greenhouse gas cap-and-trade. Based on empirically estimated farmer behavior models, a policy simulation with agricultural census data identified farmer acreage allocation for carbon sequestration, carbon offset supplies and revenues, the production cost impacts of carbon prices, and impacts on net farm income and their distributions among heterogeneous farmers. Our analysis found that: 1) farmer ex ante preferences in general were biased against carbon sequestration participation although farmer involvement increased with carbon prices; 2) with the fertilizer industry exempted from cap-and-trade regulation, the production cost impact would be small, and more than half of the farms would gain with a carbon price possibly greater than $10 per metric ton of carbon; and 3) the production cost impact with a caped [sic] fertilizer industry would be 2 times higher, and more than half of the famrs or farmland would lose unless the carbon price would reach more than $55 per metric ton of carbon.".
- 2010532939 extent "v, 18 p. :".
- 2010532939 isPartOf "Agribusiness & applied economics ; 669".
- 2010532939 isPartOf "Agribusiness & applied economics report ; no. 669.".
- 2010532939 issued "2010".
- 2010532939 issued "c2010.".
- 2010532939 language "eng".
- 2010532939 publisher "Fargo, N.D. : Center for Agricultural Policy and Trade Studies, Dept. of Agribusiness and Applied Economics, North Dakota State University,".
- 2010532939 spatial "North Dakota".
- 2010532939 spatial "North Dakota.".
- 2010532939 subject "Agriculture Environmental aspects North Dakota.".
- 2010532939 subject "Carbon sequestration Economic aspects North Dakota.".
- 2010532939 subject "Farmers North Dakota Attitudes.".
- 2010532939 subject "Greenhouse gas mitigation Economic aspects North Dakota.".
- 2010532939 subject "TD885.5.C3 J53 2010".
- 2010532939 title "How would cap-and-trade climate policy affect agricultural producers in North Dakota? : an economic analysis / Yong Jiang and Won W. Koo.".
- 2010532939 type "text".