Rural land use: traditional agriculture or forestry?

The signing of the Kyoto Protocol and the official recognition of forestry’s capacity to sequester carbon has prompted considerable interest, within the European Union, in forestry as a competing land use application. However, despite large increases in grants to forestry, afforestation rates, in ce...

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Bibliographic Details
Published inLand economics Vol. 82; no. 1; pp. 112 - 123
Main Authors Behan, J, McQuinn, K, Roche, M.J
Format Journal Article
LanguageEnglish
Published Madison University of Wisconsin Press 01.02.2006
Subjects
Afforestation
Agricultural areas
Agricultural land
Agricultural policy
Agroforestry
crop production
Crops
Data analysis
Economic aspects
Economic models
Environmental aspects
Environmental policy
equations
European Union
Forest cover
Forestry
Forestry economics
Forestry policy
Forests
Ireland
Kyoto Protocol
Land economics
Land use
Land utilization
mathematical models
Plantation forestry
Pollution control
Reforestation
Regulation
Rural areas
statistical analysis
Studies
Ireland
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Summary:The signing of the Kyoto Protocol and the official recognition of forestry’s capacity to sequester carbon has prompted considerable interest, within the European Union, in forestry as a competing land use application. However, despite large increases in grants to forestry, afforestation rates, in certain EU countries, are below national targets. In this paper, we employ a real options model to theoretically explain why farmers may be slow to switch land from traditional agriculture to forestry. The theoretical model is then used to motivate an empirical dynamic panel data model and both models are applied to Irish data. (JEL Q23, Q24)
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ISSN:0023-7639
1543-8325
DOI:10.3368/le.82.1.112