Campus Units

Economics, Center for Agricultural and Rural Development

Document Type

Article

Publication Version

Published Version

Publication Date

8-2016

Journal or Book Title

Agricultural and Resource Economics Review

Volume

45

Issue

2

First Page or Article ID Number

217

Last Page

245

DOI

10.1017/age.2016.20

Abstract

We assess empirically how agricultural lands should be used to produce the highest valued outputs, which include food, energy, and environmental goods and services. We explore efficiency tradeoffs associated with allocating land between food and bioenergy and use a set of market prices and nonmarket environmental values to value the outputs produced by those crops. We also examine the degree to which using marginal land for energy crops is an approximately optimal rule. Our empirical results for an agricultural watershed in Iowa show that planting energy crops on marginal land is not likely to yield the highest valued output.

Comments

This article is from Agricultural and Resource Economics Review 45 (2016): 217-245, doi:10.1017/age.2016.20. Posted with permission.

Rights

This is an Open Access article, distributed under the terms of the Creative Commons Attribution licence (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted re-use, distribution, and reproduction in any medium, provided the original work is properly cited.

Copyright Owner

The authors

Language

en

File Format

application/pdf

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