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Please use this identifier to cite or link to this item: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/46721

Title: Sequestering Carbon on Agricultural Land: A Preliminary Analysis of Social Cost and Impacts on Timber Markets
Authors: RICHARD M. Adams;DARIUS M. Adams;JOHN M. Callaway;CHING‐CHENG Chang;BRUCE A. Mccarl
Contributors: 國立臺灣海洋大學:應用經濟研究所
Date: 1993
Issue Date: 2018-06-04T02:02:22Z
Publisher: Contemporary Policy Issues
Abstract: Abstract: Planting trees to sequester carbon has broad political appeal. However, effects of a major tree planting program on the agricultural sector and on timber markets are unclear. This paper examines social costs of sequestering carbon in tree plantations on U.S. agricultural land and investigates harvesting's effects on timber prices and on private timber producers' welfare. The analysis links a model of the U.S. agricultural sector that includes the land base in major production areas with a model of the U.S. softwood economy. Using current data on planting, maintenance, and harvesting costs for tree plantations and carbon sequestration rates, the models estimate the price and welfare effects of alternative carbon sequestration goals. Results indicate a range of outcomes. Consumers pay higher prices for food as farmers divert land from crops to trees. However, wood products consumers gain from falling timber prices if the trees enter commercial markets. Agricultural producers and landowners gain from higher commodity prices, but private forest owners lose. Large tree planting programs imply that policymakers must compensate private commercial tree planting to prevent farmers from displacing present tree plantations.
Relation: 11(1) pp.76-87
URI: http://ntour.ntou.edu.tw:8080/ir/handle/987654321/46721
Appears in Collections:[應用經濟研究所] 期刊論文

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