Global agriculture must significantly increase production to meet by mid-century the demands for food, feed, and fiber posed by the world’s enlarging population. An important requirement to meeting those demands is a lifting of agricultural total factor productivity (TFP) growth rates. The...

Until recently, India followed a welfare based approach of distributing food grains to its low income group at an issue price, much lower than its market price or procurement price. In September 2013, the Government of India passed the National Food Security Act 2013 (NFSA, also called the Right...

Grass conservation plantings (CP) are regularly installed as filter strips to supply water quality benefits and provide wildlife habitat, but these CPs also provide other agroecosystem services, including pest control which may reduce the need for insecticide spraying. This research extends...

This paper examines the willingness of farmers to participate in hypothetical programs that would pay them to adopt cropping practices that enhance provision of ecosystem services from agriculture. A survey of 3,000 Michigan corn and soybean farmers elicited willingness to adopt four sets of...

Bundled ecosystem markets may be the next big buzz in environmental policy and ecosystem conservation and restoration. But what does it mean? And what is the feasibility of these markets? While single service ecosystem markets are proliferating, bundled ecosystem markets are not. Using some...

Tackling the problem of ecosystem services degradation is an important policy challenge. Different types of economic instruments have been employed by conservation agencies to meet this challenge. Notable among them are Payment for Ecosystem Services (PES) schemes that pay private landowners to...

Research on public good auctions is intended to initiate development on new approaches to finance public goods, beyond government and philanthropic efforts. The researchers evaluate the potential to identify economic value for a subset of ecosystem services and markets that have the potential to...

We provide a new approach for assessing the cost of marginal ecosystem changes and the effectiveness of green payment schemes. The approach is based on a theoretical and empirical analysis of the bio-economic production interactions between marketed outputs and non-marketed ecosystem services at...