Improving Environmental Quality in South Florida through Silvopasture: An Economic Approach

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.


Issue Date:
2004-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/43396
Published in:
Journal of Agricultural and Applied Economics, Volume 36, Number 2
Page range:
481-489
JEL Codes:
Q57; Q23




 Record created 2017-04-01, last modified 2017-04-28

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