Abstract
Efficient management of natural resources and environmental assets requires adequate assessment of natural capital on farms. Conceptual frameworks and practical measurement techniques to assess the state of natural capital assets and ecosystem services on farms are not readily available. In this paper, we propose a natural capital adjusted productivity and efficiency technique that can be used in effectively measuring the dynamics of natural capital on farms. This on-farm natural capital indicator is constructed based on the directional distance functions approach. As an empirical application, this newly devised indicator is applied to determine how soil natural capital in farm production systems changes over time. Findings from this study will aid decision making to support maintaining higher farm productivity growth in agriculture and achieving environmental sustainability.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
