Abstract
AbstractThe sizable technical potential to sequester atmospheric carbon in soils to mitigate climate change will only be realized where and when there is also economic potential. A choice experiment conducted with a random sample of farmers in the State of Indiana, United States, revealed that farmers who have not previously adopted reduced tillage practices on any of their land require a $40 per acre increase in net revenue to switch from conventional tillage to no‐till. We estimate that farmers have a $10.57/acre option value of not signing a multi‐year sequestration contract, and find that government payments are preferred to carbon markets.
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