Carbon Sequestration and Carbon Management Policy Effects on Production Agriculture in the Texas High Plains

Abstract

This study evaluated carbon emissions and carbon sequestration in the Texas High Plains (THP) in order to comprehend the effect that alternative carbon management policies would have on agricultural production. The objective was to examine the impacts of payments for sequestration and taxes on carbon emissions on cropping choices, profitability, and water consumption in the Texas High Plains. Results showed that reduction of total carbon emissions and tax on carbon emissions reduced the amount of water while payment for sequestration did not affect reduction of carbon emissions, water consumption nor product mix. However, payments for sequestration slightly increased net revenue for this region.