The purpose of this study is to examine the possible local impacts of cap-and-trade climate policy on agricultural producers in the Northern Plains. This study explicitly considers farmer behavior with respect to agricultural opportunity in carbon offset provision and ability of adaptation to...

Reduction of carbon emissions from deforestation and forest degradation (REDD) has been identified as a cost effective element of the post-Kyoto strategy to achieve long-term climate objectives. The success of REDD depends primarily on the design and implementation of a financial mechanism that...

Climate change is expected to have a significant effect on agricultural production but less is known about its projected impact on the farm business. This paper provides a first attempt at an economic analysis of the impacts of climate change for broadacre farming systems and provides an insight...

We use a joint production model of timber production and carbon sequestration to analyse the financially optimum silvicultural strategies and the costs of carbon sequestration for Scots pine at the stand level in Finland based on individual-tree growth models. This study expands the earlier...

We develop an empirical farmland allocation model based on explicit profit functions that is linked to a market demand model. The model accounts for corner solutions, enabling estimation with disaggregated data, and thereby allows treating prices as exogenous. The integrated model enables...

The cross-sectional approach to the assessment of climate change impacts on agriculture is a widely used technique. It is based on land prices and supposes a perfect mobility of agricultural activities following climate evolution. Theory and our empirical study of the French land market show...

This article presents an integrated modelling framework (IMF) at field scales including a bio-economic farm optimization model. It is applied on two contrasting Austrian landscapes to analyze climate change and CAP policy reform impacts in 2040. Changing policies reduce farm gross margins by...

This paper examines potential land use changes in Africa under climate change by building an integrated model of crop management, animal husbandry, and forestry. Using micro-level decisions from around 9000 household surveys in 11 countries, we analyze the choice of land types across the...

This study seeks assess how the uncertainties associated with the un- derlying biophysical processes in uence the optimal prole of land use over the next century, in light of potential irreversibility in these deci- sions. Our analysis is based on a dynamic stochastic model of global land use,...