Economic Assessment of Policy Options to Reduce Agricultural Pollutants in the Chesapeake Bay

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By Marc Ribaudo (au); Jeff Savage (au); Marcel Aillery (au)
Year: 2014
Pages: 73
Binding Paperback
ISBN 978-1-4578-5564-1

Product Code: 145785564X

Description

In 2010, a Total Maximum Daily Load (TMDL) was established for the Chesapeake Bay, defining the limits on emissions of nitrogen, phosphorus, and sediment necessary to reverse declines in the Bayäó»s quality and associated biological resources. Agriculture is the largest single source of nutrients and sediment in the watershed. This study uses data on crop and animal agriculture in the watershed to assess the relative effectiveness of alternative policy approaches for achieving the nutrient and sediment reduction goals of the TMDL, ranging from voluntary financial incentives to regulations. It found that policies that provide incentives for water quality improvements are the mostefficient. Policies that directly encourage adoption of management systems that protect water quality are the most practical, given the limited information that is generally available to farmers and resource agencies. Figures and tables. This is a print on demand report.

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