Natural Resources, the Environment and Agriculture Chapter 10
Topics of Discussion <ul><li>Agriculture and the environment </li></ul><ul><li>Economics of the environment </li></ul><ul>...
Page 171 Interactions with natural resources and the environment
Agriculture and the Environment <ul><li>Water pollution </li></ul><ul><li>Air pollution </li></ul><ul><li>Global climate c...
Page 173 Water pollutants range from nutrients to PCBs which are known to cause cancer.
Page 174 The greenhouse effect
Page 175 Temperature record over the past 150 years
Page 177 Efficient level of abatement
Efficient Property Rights <ul><li>Enforceability : security of individual rights </li></ul><ul><li>Transferability : can b...
Page 179 Efficiency and damage from externalities
Environmental Policies <ul><li>Command-and-Control policies </li></ul><ul><li>Taxes and subsidies </li></ul><ul><li>Transf...
Page 181 Cost of abatement if both firms abate the same amount
Page 182 Taxes and subsidies leads firms to the cost-effective allocation of abatement responsibilities.
Economics of Soil Use <ul><li>Soil quality and quantity </li></ul><ul><li>Economics of conservation </li></ul><ul><ul><li>...
Water as an Asset <ul><li>Surface water </li></ul><ul><ul><li>Profitability of water use </li></ul></ul><ul><ul><li>Prior ...
Page 188 Marginal revenue and marginal of water use.
US Government Policies <ul><li>Soil erosion policies and the Conservation Reserve Program </li></ul><ul><ul><li>Purpose of...
Summary <ul><li>Economists play a role in designing policies that affect the environment and natural resources. </li></ul>...
Chapter 11 discusses other forms of  governmental intervention , including price and income supports…
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Agri 2312 chapter 10 natural resources, the environment and agriculture

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AGRICULTURAL ECONOMICS

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Transcript of "Agri 2312 chapter 10 natural resources, the environment and agriculture"

  1. 1. Natural Resources, the Environment and Agriculture Chapter 10
  2. 2. Topics of Discussion <ul><li>Agriculture and the environment </li></ul><ul><li>Economics of the environment </li></ul><ul><li>Economics of resources in agriculture </li></ul><ul><li>Soil quality and quantity </li></ul><ul><li>Economics of soil conservation </li></ul><ul><li>Government policies for agriculture, natural resources, and the environment </li></ul>
  3. 3. Page 171 Interactions with natural resources and the environment
  4. 4. Agriculture and the Environment <ul><li>Water pollution </li></ul><ul><li>Air pollution </li></ul><ul><li>Global climate change </li></ul><ul><li>Other environmental impacts </li></ul>Pages 171-176
  5. 5. Page 173 Water pollutants range from nutrients to PCBs which are known to cause cancer.
  6. 6. Page 174 The greenhouse effect
  7. 7. Page 175 Temperature record over the past 150 years
  8. 8. Page 177 Efficient level of abatement
  9. 9. Efficient Property Rights <ul><li>Enforceability : security of individual rights </li></ul><ul><li>Transferability : can be transferred from one individual to another </li></ul><ul><li>Exclusivity : all associated benefits and costs are received by only one individual at a time </li></ul>Pages 178-179
  10. 10. Page 179 Efficiency and damage from externalities
  11. 11. Environmental Policies <ul><li>Command-and-Control policies </li></ul><ul><li>Taxes and subsidies </li></ul><ul><li>Transferable rights </li></ul>Pages 180-183
  12. 12. Page 181 Cost of abatement if both firms abate the same amount
  13. 13. Page 182 Taxes and subsidies leads firms to the cost-effective allocation of abatement responsibilities.
  14. 14. Economics of Soil Use <ul><li>Soil quality and quantity </li></ul><ul><li>Economics of conservation </li></ul><ul><ul><li>Characteristics of soil </li></ul></ul><ul><ul><li>Present value of soil resources </li></ul></ul><ul><li>The Dust Bowl </li></ul>Pages 183-187
  15. 15. Water as an Asset <ul><li>Surface water </li></ul><ul><ul><li>Profitability of water use </li></ul></ul><ul><ul><li>Prior appropriation rights </li></ul></ul><ul><li>Groundwater </li></ul><ul><ul><li>Conditions for efficient use </li></ul></ul><ul><ul><li>Rate of recharge for aquifers </li></ul></ul><ul><li>Transferable rights </li></ul>Pages 187-189
  16. 16. Page 188 Marginal revenue and marginal of water use.
  17. 17. US Government Policies <ul><li>Soil erosion policies and the Conservation Reserve Program </li></ul><ul><ul><li>Purpose of the CRP </li></ul></ul><ul><ul><li>Direct and indirect effects </li></ul></ul><ul><li>Other federal incentive programs </li></ul><ul><ul><li>Environmental Quality Incentives Program </li></ul></ul><ul><ul><li>Wetlands Reserve Program </li></ul></ul><ul><li>Environmental regulations </li></ul><ul><li>Endangered Species Act </li></ul>Pages 189-192
  18. 18. Summary <ul><li>Economists play a role in designing policies that affect the environment and natural resources. </li></ul><ul><li>Incentives matter when designing policies at achieve desired objectives. </li></ul><ul><li>Agriculture impacts the environment through water pollution, air pollution, and emissions of greenhouse gases among other ways. </li></ul><ul><li>Water and soil are assets that have value and net benefits associated with their use. </li></ul><ul><li>Government plays an active role in guiding and regulating the use of resources and impact on environment. </li></ul>
  19. 19. Chapter 11 discusses other forms of governmental intervention , including price and income supports…
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