ABSTRACT:
A soil conservation economics model (SOILEC) was used to calculate long-run erosion and financial impacts of alternative conservation management systems on 27 Illinois soils. By subtracting annual net income of the best system for achieving the soil loss tolerance (T-value) from the annual net income of the income-maximizing system, an estimate was obtained of the subsidy or payment required to induce a farmer to achieve T-value. Sensitivity of this subsidy to commodity prices and discount rates was analyzed.
Footnotes
Gary V. Johnson is an assistant professor in the Department of Agricultural Economics and the Institute for Environmental Studies, Bartelt Eleveld is an assistant professor in the Department of Agricultural Economics, and Parveen P. Setia is a graduate assistant at the University of Illinois at Urbana-Cliampaign 61801. This research was partly funded by the Soil Conservation Service under cooperative agreement No. 58-5A12-2-67 and the Agricultural Experiment Station at the University of Illinois, Urbana-Champaign.
- Copyright 1984 by the Soil and Water Conservation Society
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