Externalities in agriculture: How to include their monetary value in decision-making?

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F44555601%3A13510%2F20%3A43895490" target="_blank" >RIV/44555601:13510/20:43895490 - isvavai.cz</a>

Result on the web

<a href="https://link.springer.com/article/10.1007/s13762-020-02752-7#citeas" target="_blank" >https://link.springer.com/article/10.1007/s13762-020-02752-7#citeas</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1007/s13762-020-02752-7" target="_blank" >10.1007/s13762-020-02752-7</a>

Result language

angličtina

Original language name

Externalities in agriculture: How to include their monetary value in decision-making?

Original language description

Soil protection and sustainable agriculture have become a key issue in Common Agricultural Policy. Emphasis is being placed on climate-smart agriculture, nature-friendly agricultural technologies and implementation of a range of nature-based measures to protect soil, retain water in landscape, etc. Recent agricultural policy is mostly based on qualitative assessment of the current state and impacts of technologies. Economic assessment is still missing, although subsidies and other forms of financial support are provided from both national and European Union funds. Externalities in agriculture not only generate social costs and profits for the current generation but also strongly affect future well-being. The objective of this paper is to present a newly developed approach that enables monetary assessment of externalities in agriculture. The process of monetary assessment means inclusion and calculation of all costs and benefits, including positive and negative externalities going beyond financial revenue. The methodology is based on modified cost-benefit analysis using the concept of ecosystem services. The proposed method is demonstrated on a case study in the South Moravian Region of the Czech Republic. This region has been struggling with drought in the last few years, but its agricultural technologies are not adapted and appropriate nature-based solutions are not implemented. Economic analysis focuses on assessment of externalities and possible measures. It covers operating and investment costs; the loss of profits due to decreasing production; and benefits consisting mainly of prevented loss of regulating services. The results show that implementation of measures is always preferable regardless of climate change and avoids society loss.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

10511 - Environmental sciences (social aspects to be 5.7)

Project

<a href="/en/project/QK1710307" target="_blank" >QK1710307: Economic support for strategic and decision-making processes at national and regional level, leading to sustainable energy use of agricultural biomass, while respecting food self-sufficiency and soil conservation.</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

International Journal of Environmental Science and Technology

ISSN

1735-1472

e-ISSN

—

Volume of the periodical

18

Issue of the periodical within the volume

1

Country of publishing house

IR - IRAN, ISLAMIC REPUBLIC OF

Number of pages

18

Pages from-to

3-20

UT code for WoS article

000530295100002

EID of the result in the Scopus database

2-s2.0-85085116836