Agricultural agencies have long offered agri-environmental payments that are inadequate to achieve water quality goals, and many state water quality agencies are considering point-nonpoint trading to achieve the needed pollution reductions. This analysis considers both targeted and nontargeted...

In addition to supplying food and fiber, agriculture is a source of public goods and externalities. This article addresses two questions. First, do price and income support policies promote a multifunctional agriculture in an effective manner? Second, would policies targeted more directly at...

Owing to the fundamental importance of food to human welfare and of climate to crop and livestock production, agriculture has been a focus of research on the impacts of climate change and variability. This research has been largely concerned with implications for the supply and cost of food and...

There is considerable interest in the use of pollution trading between point and nonpoint sources to improve the cost-effectiveness of water pollution control, but little literature to guide the design of trading systems involving nonpoint sources. We explore the design of two types of trading...

Replaced with revised version of paper 08/25/03.

This paper focuses on the compatibility of U.S. agri-environmental programs with the Green Box provisions of the Uruguay Round Agreement on Agriculture (AoA). If a new WTO agreement is concluded under the current Doha round of negotiations, it is likely that the amount of payments that can be...

Several theoretical and empirical models have been developed to examine how risk aversion affects compliance with agri-environmental schemes under asymmetric information and uncertainty. However, none has examined the case where the level of compliance is a continuous variable and producers face...

This paper focuses on the compatibility of U.S. agri-environmental programs with the Green Box provisions of the Uruguay Round Agreement on Agriculture (AoA). If a new WTO agreement is concluded under the current Doha round of negotiations, it is likely that the amount of payments that can be...