Agricultural land holds tremendous potential to contribute to net zero greenhouse gas emission goals by providing low carbon renewable energy to displace fossil fuels and by serving as a sink for sequestering carbon in the soil with climate-smart practices. This potential is, however, far from being realized. This paper examines the economic incentives and barriers to implementing land-based carbon mitigation strategies and discusses the specific features of land-based carbon mitigation practices on carbon emissions that need to be considered in designing policy incentives to induce adoption. Although a carbon price-based policy is socially efficient, the more commonly observed policies to promote land-based carbon mitigation include practice-based conservation programs, technology mandates, and sector-specific standards. The paper discusses the rationale for these alternative policy approaches and concludes with a discussion of emerging opportunities for designing policy and market-based approaches for promoting land-based carbon-mitigation and future directions for economics research.
{"title":"Economics of land-based carbon mitigation","authors":"Madhu Khanna","doi":"10.1002/ajae.70056","DOIUrl":"https://doi.org/10.1002/ajae.70056","url":null,"abstract":"<p>Agricultural land holds tremendous potential to contribute to net zero greenhouse gas emission goals by providing low carbon renewable energy to displace fossil fuels and by serving as a sink for sequestering carbon in the soil with climate-smart practices. This potential is, however, far from being realized. This paper examines the economic incentives and barriers to implementing land-based carbon mitigation strategies and discusses the specific features of land-based carbon mitigation practices on carbon emissions that need to be considered in designing policy incentives to induce adoption. Although a carbon price-based policy is socially efficient, the more commonly observed policies to promote land-based carbon mitigation include practice-based conservation programs, technology mandates, and sector-specific standards. The paper discusses the rationale for these alternative policy approaches and concludes with a discussion of emerging opportunities for designing policy and market-based approaches for promoting land-based carbon-mitigation and future directions for economics research.</p>","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"108 2","pages":"443-461"},"PeriodicalIF":3.3,"publicationDate":"2026-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ajae.70056","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146176499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Popular society increasingly questions preferences that drive many resource allocations and production decisions, with many groups actively seeking to alter those preferences to achieve changes to resource use. Agricultural and applied economists, who are already equipped with excellent technical skills to undertake consumer preference and valuation studies, must also be challenged to understand post-Beckerian consumer theories that can help guide emerging requests placed upon economists as multi-disciplinary collaborators as non-academic groups press us to join in work involving interventions that work from the implicit assumption that preferences are malleable and potentially endogenous. I call association members to follow our best traditions of studying production dynamics and incorporating emerging theories drawn from or inspired by other disciplines so that we may better interact with the broader scientific community who, as many suggest, finds our insistence on stable and static preferences to limit the usefulness of economists in handling a raft of modern dilemmas. In addition to setting out the history of economists' reticence in considering endogenous preferences, I will outline several threads of emerging literature that can provide structure to professional inquiry in this domain and sketch some emergent cases with implications for the agricultural and resource sectors.
{"title":"De gustibus est disputandum: The role of agricultural and applied economists in an era of behavior change initiatives and endogenous preferences","authors":"Brian E. Roe","doi":"10.1002/ajae.70049","DOIUrl":"https://doi.org/10.1002/ajae.70049","url":null,"abstract":"<p>Popular society increasingly questions preferences that drive many resource allocations and production decisions, with many groups actively seeking to alter those preferences to achieve changes to resource use. Agricultural and applied economists, who are already equipped with excellent technical skills to undertake consumer preference and valuation studies, must also be challenged to understand post-Beckerian consumer theories that can help guide emerging requests placed upon economists as multi-disciplinary collaborators as non-academic groups press us to join in work involving interventions that work from the implicit assumption that preferences are malleable and potentially endogenous. I call association members to follow our best traditions of studying production dynamics and incorporating emerging theories drawn from or inspired by other disciplines so that we may better interact with the broader scientific community who, as many suggest, finds our insistence on stable and static preferences to limit the usefulness of economists in handling a raft of modern dilemmas. In addition to setting out the history of economists' reticence in considering endogenous preferences, I will outline several threads of emerging literature that can provide structure to professional inquiry in this domain and sketch some emergent cases with implications for the agricultural and resource sectors.</p>","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"108 2","pages":"429-442"},"PeriodicalIF":3.3,"publicationDate":"2026-01-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ajae.70049","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146193561","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Amy W. Ando","authors":"","doi":"10.1002/ajae.70054","DOIUrl":"https://doi.org/10.1002/ajae.70054","url":null,"abstract":"","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"108 2","pages":""},"PeriodicalIF":3.3,"publicationDate":"2026-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146193554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sergio H. Lence","authors":"","doi":"10.1002/ajae.70051","DOIUrl":"https://doi.org/10.1002/ajae.70051","url":null,"abstract":"","PeriodicalId":55537,"journal":{"name":"American Journal of Agricultural Economics","volume":"108 2","pages":"419-420"},"PeriodicalIF":3.3,"publicationDate":"2026-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"146193556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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