The document discusses potential economic opportunities for agriculture from climate and energy policies. It finds that a cap-and-trade system, if properly structured, could provide long-term benefits to agriculture with modest production cost increases and new revenue opportunities from carbon offsets and renewable energy. Specifically, it estimates that production costs would increase by only 1.2-7.8% depending on the crop, and that no-till farming and livestock management practices could generate new offset revenue for farmers.
Potential Economic Benefits of Climate Policy for Agriculture
1. Potential Economic Opportunities for Agriculture of Climate and Energy Policy Minnesota Ag, Climate and Energy Forum June 28, 2010
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3. Agriculture & Environment Initiative Helping farmers and ranchers to improve water quality and combat climate change while expanding their sources of revenue AFT’s New Campaign
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9. Increasing fuel and fertilizer costs will raise cost of production only “moderately” % chg costs 1.2% 1.9% 1.2% 3.7% 4.1% 2.1% 7.8% 7.3% 3.3%
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