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Nutrient Farming: the Business of Nutrient Farming: the Business of Environment Management
- D. Hey, J. Kostel and D. Montgomery
Nutrient Farming: the Business of Nutrient Farming: the Business of - - PowerPoint PPT Presentation
Nutrient Farming: the Business of Nutrient Farming: the Business of - - PowerPoint PPT Presentation
Nutrient Farming: the Business of Nutrient Farming: the Business of Environment Management D. Hey, J. Kostel and D. Montgomery Problems to be solved: 1. water pollution 2. flood damage 3 3. erosion and sedimentation erosion and sedimentation
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- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
- Land use controls the nature and disposition of topographic and structural changes to our floodplains and, as a result, it controls the detention and discharge of
- Economics controls land use; therefore,
- Economics controls flooding and flood damage.
The environmental management syllogism
- 1. Land use controls the nature and distribution of development
and its environmental impacts. p
- 2. Economics controls land use.
- 3. Therefore, economics controls air, land and water pollution.
, , p
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The solution corollary: The solution corollary:
If economics controls our environmental problems, it can solve our problems!
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If economics is to control, all development on the floodplain must bear the full cost of the development activity.
- No governmental subsidies
- No cost externalization
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Externalizing the cost of floodplain development…
Wetland Loss and Flood Damage Costs Compared to U.S. Army Corps of Engineers’ Expenditures
Adjusted to 2006 using Construction Cost Index EM 1110‐2‐1304
Wetlands Drained $600 120 Wetlands Drained Flood Control Expenditures (Accumulative) Flood Damages (Accumulative) Aggregate External Costs ( Expenditures + Damages) $300 $400 $500 60 80 100 f Dollars (2006)
- ns of Acres
$0 $100 $200 20 40 Billions of Millio
1928 1934 1940 1946 1952 1958 1964 1970 1976 1982 1988 1994 2000 2006
Fiscal Year
…causes flood damages to grow
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E t li i th t f f i
7
Externalizing the cost of farming…
4 5 6 7 (Mg/L) 2 3 4 1990 1890s Nitrogen 1
Oct‐Dec Jan‐Mar Apr‐Jun Jul‐Sept
1990s
…nitrogen concentrations in the Illinois River have more than tripled in 100 years more than tripled in 100 years
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Our Land Could be More Valuable Wet than Dry
$600 Potential Profit of Nutrient Farming
Carbon Flood Storage Recreation
$400 $500
Phosphorus Carbon Nutrient
$300 $
Nutrient Removal
$100 $200
Nitrogen
$0 $100
$/Ac/Yr
Soybeans Nutrient Farming and Other Nutrient i Corn
$/Ac/Yr
and Other Ecosystem Services Farming
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The Sue & Wes Dixon Waterfowl Refuge The Hennepin Drainage and Levee District which became Waterfowl Refuge Levee District, which became…
Lost habitat Restored habitat
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The potential annual market for ecosystem services produced by 5 million acres of restored 5 million acres of restored floodplain could exceed $2 billion dollars
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