Thursday, 21 November 2013

Potential of multi-functional agriculture (journal)

Multifunctional Agriculture in the United States

The authors evaluated possible changes to current farming practices in Minnesota to provide insight into how farm policy might affect environmental, social, and economic outcomes. They found that environmental and economic benefits can be attained through changes in agricultural land management without increasing public costs. The magnitude of these benefits depends on the magnitude of changes to agricultural practices. Environmental benefits include improved water quality, healthier fish, increased carbon sequestration, and decreased greenhouse gas emissions, while economic benefits include social capital formation, greater farm profitability, and avoided costs. We suggest that redirecting farm payments by using alternative incentives could lead to substantial environmental changes at little or no extra cost to the taxpayer

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