Sunday, February 22, 2009

Full Cost Accounting for Agriculture: Final report


Agricultural Beneficial Management Practices (BMPs) are science-based on-farm activities that can reduce negative environmental impacts or increase positive environmental impacts. Agricultural BMPs can therefore produce ecosystem goods and services, which can increase human well-being and, according to recent international research in environmental economics, have demonstrable public benefits which deserve support through public policy.

The policy implications of EGS production from agriculture are significant; if the public receives significant benefits from particular agricultural BMPs, the rationale for government support for these practices is clear. Estimating public EGS benefits from agricultural BMPs is however methodologically complex in that EGS are produced at multiple scales simultaneously. For example, the global public benefit of reduced greenhouse gas emissions and the local benefit of improved water quality can result from the same BMP.

See full Report, in pdf format.