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Positive and Negative Externalities in Agricultural Production:The Case of Adena Springs Ranch

Published online by Cambridge University Press:  26 January 2015

Charles B. Moss  and
Andrew Schmitz
Charles B. Moss
Affiliation:
Department of Food and Resource Economics, University of Florida, Gainesville, Florida
Andrew Schmitz
Affiliation:
Department of Food and Resource Economics, University of Florida, Gainesville, Florida
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Extract

Policy analysis is complicated by the myriad of benefits and costs generatedby the use of natural resources. This study develops three benefits thatmust be considered in the granting of a consumptive use permit for waterfiled by Adena Springs Ranch, east of Ocala, Florida. This ranch is hopingto expand into grass-fat beef; but to do so, it needs additional water forirrigation. Specifically, our analysis considers the potential gain from theranch, the potential negative effect on existing permit holders andenvironmental uses of water, and the possible positive value generated bythe increased surface flow for other recreational users in eastern MarionCounty.

Keywords

grass-fathormone-freewater allocationwelfare analysisC63D62Q25
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 45 , Issue 3 , August 2013 , pp. 401 - 409
Copyright
Copyright © Southern Agricultural Economics Association 2013

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