Land markets developed rapidly in China after agricultural land tenure reforms, but not after forest reforms. We surveyed farmers in three provinces to examine the post-reform forestland markets and options to strengthen them. Using household choice experiments, we estimate land market demand and supply under alternative contractual arrangements. Our findings are consistent with the currently thin markets but also suggest that alternative institutional and contractual conditions could support broader participation in land markets. Strengthening property rights on forestland emerges as an especially effective possible policy instrument. We illustrate its predicted effects on equilibrium rental rates and market participation.
Resources Radio — Nov 28, 2023
Counting Carbon in US Forests, with David Wear
David Wear discusses the rate at which US forests can remove carbon dioxide from the atmosphere, different approaches for estimating the amount of sequestered carbon, and the implications of varying estimates.
Resources Radio — Nov 21, 2023
How State Trust Lands Can Help Conservation Efforts, with Temple Stoellinger
Temple Stoellinger discusses state trust lands (public lands that states own and must use to raise revenue) and the various uses of these lands, including energy development, livestock grazing, and conservation.
Issue Brief — Nov 9, 2023
Reducing Agricultural Greenhouse Gas Emissions through “Climate-Smart” Markets, Technical Innovation, and Emissions Credit Trading
This issue brief, the last in a series on agricultural greenhouse gas emissions policy, examines "climate-smart" markets, public support for research and development, and emissions credit trading.
In Focus — Oct 19, 2023
In Focus: Carbon Dioxide Removal from US Forests
This video shares insights about the capability of US forests to sequester carbon dioxide from the atmosphere and how new technologies can help achieve US goals for carbon dioxide removal, with RFF Nonresident Senior Fellow David N. Wear.