Crops, cows or timber? Including carbon values in land use choices

Maraseni, Tek Narayan and Cockfield, Geoff (2011) Crops, cows or timber? Including carbon values in land use choices. Agriculture, Ecosystems and Environment, 140 (1-2). pp. 280-288. ISSN 0167-8809

Abstract

Farm forestry is a very minor land use in the inland agricultural landscapes of Australia. The Australian Government intends to introduce a program to encourage landholders to trade the carbon sequestration value of plantations and this may change the relative profitability of plantations against other agricultural land uses. This research compares the returns from a timber and ‘carbon’ plantation, with those from grazing and a common crop rotation in the Kingaroy area of Queensland. Typical production patterns for all systems were developed from producer and expert knowledge and soil and vegetation sampling were used to estimate sequestration rates. The costs and benefits of all land use systems were converted into monetary terms and discounted to produce net present values. With a standard discount rate and average commodity prices based on recent history, cultivation is the most profitable option, followed by pasture and plantations. After the inclusion of carbon, plantations are the most profitable option, followed by pasture and cultivation. A number of qualifications of these findings are also discussed.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Permanent restricted access to published version due to publisher copyright policy.
Depositing User: Dr Tek Narayan Maraseni
Faculty / Department / School: Historic - Faculty of Business and Law - School of Accounting, Economics and Finance
Date Deposited: 27 Jan 2011 12:43
Last Modified: 19 Aug 2014 06:25
Uncontrolled Keywords: spotted gum plantation; carbon values; greenhouse gas emissions; carbon sequestration
Fields of Research (FOR2008): 07 Agricultural and Veterinary Sciences > 0701 Agriculture, Land and Farm Management > 070102 Agricultural Land Planning
14 Economics > 1402 Applied Economics > 140201 Agricultural Economics
05 Environmental Sciences > 0503 Soil Sciences > 050301 Carbon Sequestration Science
Socio-Economic Objective (SEO2008): D Environment > 96 Environment > 9603 Climate and Climate Change > 960302 Climate Change Mitigation Strategies
D Environment > 96 Environment > 9607 Environmental Policy, Legislation and Standards > 960704 Land Stewardship
Identification Number or DOI: doi: 10.1016/j.agee.2010.12.015
URI: http://eprints.usq.edu.au/id/eprint/18158

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