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Wednesday, 5 April 2017

Resilient Provision of Ecosystem Services from Agricultural Landscapes: Trade-offs Involving Means and Variances of Water Quality Improvements

Author
Sergey S. RabotyagovAdriana M. Valcu-Lisman and Catherine L. Kling
American Journal of Agricultural Economics, 2016, vol. 98, issue 5, pages 1295-1313

Abstract: We assess the trade-offs and synergies involved in reducing agriculture-generated nutrient loads with different levels of resilience. We optimize the selection of least-cost patterns of agricultural conservation practices for both the expected performance of the conservation actions and its variance. Securing nutrient loads with a higher level of resilience is costly, with marginal costs of resilience generally declining with lower loads. We find that the main trade-off dimension is between cost of conservation investments and ecosystem service objectives, as opposed to pronounced mean-variance or between-nutrient objectives trade-offs. We find relative synergies in agricultural conservation investments aimed at nutrient reductions.
Date: 2016
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