英文摘要 |
Given that agriculture produces a broad array of valuable amenities in additionto commodity outputs, “green payments” might be a tool for maximizing welfare fromthe agricultural enterprise. Here, I argue that getting the green prices wrong wouldentail welfare losses and trade distortions; and that failure to monitor greenproduction would exacerbate trade distortions in the all-too-common case wherefarmers are choosing between two commodity production technologies, brown andcheap or green and more expensive. So, it is important to get the green prices rightand to monitor green production. The valuation task requires making some finedistinctions in terms of amenity type, quality, and accessibility to demanders; and thevaluation framework must be consistent as we move from single to multipleamenities and from local to continental spatial scales. The environmental valuationcommunity is able in principle to provide good estimates of WTP for agriculturallyproducedamenities, but the valuation task requires an effort on a larger scale thanhas yet been attempted. Finally, to approach the welfare optimum while minimizingtrade distortions will require targeting green prices down to the farm level. |