Mounting evidence indicates climate change will adversely influence agricultural crop yields and cause greater year-to-year variability. This paper considers how a rational, forward-looking and competitive commodity market would account for these anticipated changes and thereby influence time...

We use data from the ERS-NASS ARMS surveys to compare the use of best management practices on poultry and livestock farms inside the watershed and outside the watershed. Animal operations within the Chesapeake Bay States were found to be adopting some important manure management practices at a...

Scientists predict that climate change will cause suitable habitat ranges to shift for many plant species. To the extent that proximity to particular vegetation types increases residents’ utility and/or these shifts affect services valued by all of society, such geographic shifts in ecosystems...

This paper analyzes the theoretical underpinnings of producers’ willingness to pay (WTP) for novel inputs. In addition to conceptualizing the WTP function for producers, we derive its comparative statics and demonstrate the use of these properties to estimate input quantities demanded, outputs...

The use of carbon markets to regulate greenhouse gasses has been promoted as a cost-effective tool to deal with global warming. These markets often encourage forest landowners to capture carbon in exchange for compensation, by using different platforms that vary in terms of contract length,...

This paper compares environmental and profitability outcomes for a centralized biorefinery for cellulosic ethanol that does all processing versus a biorefinery linked to a decentralized array of local depots that pretreat biomass into concentrated briquettes. The analysis uses a spatial...

In this study, we empirically examine the effectiveness of regulatory actions on wastewater treatment plants in Illinois with careful attention to endogeneity issues that might have caused biased estimates in previous studies. We show that Pooled OLS and Fixed Effect models, which are the...

Perennial crop production is inherently dynamic due to several salient physical characteristics including an establishment period of several years with low or no yields, long lives in commercial production (40 years or more), and path-dependence of yields on input use and other exogenous...