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Net farm income and land use under a U.S. greenhouse gas cap and tradeAuthor(s): Justin S. Baker; Bruce A. McCarl; Brian C. Murray; Steven K. Rose; Ralph J. Alig; Darius Adams; Greg Latta; Robert Beach; Adam Daigneault
Source: Agricultural and Applied Economics Association. Policy Issues 7: April 2010. 5 p.
Publication Series: Scientific Journal (JRNL)
Station: Pacific Northwest Research Station
PDF: Download Publication (916.8 KB)
DescriptionDuring recent years, the U.S. agricultural sector has experienced high prices for energy related inputs and commodities, and a rapidly developing bioenergy market. Greenhouse gas (GHG) emissions mitigation would further alter agricultural markets and increase land competition in forestry and agriculture by shifting input costs, creating an agricultural GHG abatement market, and expanding bioenergy demand. The potential effects of these events on the agricultural sector are being hotly debated. We use a multisector model (FASOM-GHG) to estimate the potential implications of these developments on net farm income and the U.S. agricultural sector.
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CitationBaker, Justin S.; McCarl, Bruce A.; Murray, Brian C.; Rose, Steven K.; Alig, Ralph J.; Adams, Darius; Latta, Greg; Beach, Robert; Daigneault, Adam. 2010. Net farm income and land use under a U.S. greenhouse gas cap and trade. Agricultural and Applied Economics Association. Policy Issues 7: April.
Keywordsnet farm income, greenhouse gas (GHG) emissions, mitigation, land use, multisector model (FASOM-GHG)
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