This paper develops a dynamic model of land, crop, and residue management choices in a typical Midwestern farm region. Carbon renting policy is implemented with alternative assumptions about relative crop prices. Model results show following results. First, crop choice between corn and soybean...

This study develops a model of land use change in the Midwestern States of Ohio, Indiana, and Illinois. Given the emergence of spatial econometrics, three models are compared to assess the sensitivity of the estimates to alternative assumptions about the distribution of their errors. Projections...

It is well known that the forestry sector is sensitive to climate change but most studies have examined impacts only through 2100 and warming of less than 4°C. This is the first timber analysis to consider possible climate change impacts out to 2250 and warming up to 11°C above 1900 levels....

This study develops cumulative carbon ''supply curves'' for global forests utilizing a dynamic timber supply model for sequestration of forest carbon. Because the period of concern is the next century, and particular time points within that century, the curves are not traditional Marshallian...

Pollution from nonpoint sources (NPS), and agriculture in particular, remains as one of the largest sources of water quality impairments in the United States. As is well known in the literature, there are many difficulties with designing regulations for reducing nonpoint source pollution (i.e.,...

This study develops cumulative carbon “supply curves” for global forests utilizing an dynamic timber supply model for sequestration of forest carbon. Because the period of concern is the next century, and particular time points within that century, the curves are not traditional Marshallian...

This paper presents a model of global timber markets that captures the evolution of a broad array of forest resources and timber market margins over time. These margins include the inaccessible northern and tropical margins, plantation establishment, and timberland management. A baseline case is...