Selling carbon is a potential future source of income for farmers and foresters. Currently, however, policies are not in place to provide substantial incentives—except for a lucky few.

Water quality and other co-benefits arise from greenhouse gas reduction efforts in agriculture, but there are tradeoffs with energy sector emissions. Greenhouse gas reductions by power plants also improve human health. Policy based on balancing benefits and costs must account for the co-effects...

Agriculture and forestry in the United States face pressures from the eventual effects of climate change and from efforts to control greenhouse gasses. This set of papers looks at the economic consequences from both pressures.