Bush encroachment control and risk management in semi-arid rangelands
Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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Bush encroachment control and risk management in semi-arid rangelands. / Lukomska, Natalia; Quaas, Martin Friedrich; Baumgärtner, Stefan.
in: Journal of Environmental Management, Jahrgang 145, 01.12.2014, S. 24-34.Publikation: Beiträge in Zeitschriften › Zeitschriftenaufsätze › Forschung › begutachtet
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TY - JOUR
T1 - Bush encroachment control and risk management in semi-arid rangelands
AU - Lukomska, Natalia
AU - Quaas, Martin Friedrich
AU - Baumgärtner, Stefan
PY - 2014/12/1
Y1 - 2014/12/1
N2 - We study the role of bush encroachment control for a farmer's income and income risk in a stochastic ecological-economic model of grazing management in semi-arid rangelands. In particular, we study debushing as an instrument of risk management that complements the choice of an adaptive grazing management strategy for that sake. We show that debushing, while being a good practice for increasing the mean pasture productivity and thus expected income, also increases the farmer's income risk. The optimal extent of debushing for a risk-averse farmer is thus determined from balancing the positive and negative consequences of debushing on intertemporal and stochastic farm income.
AB - We study the role of bush encroachment control for a farmer's income and income risk in a stochastic ecological-economic model of grazing management in semi-arid rangelands. In particular, we study debushing as an instrument of risk management that complements the choice of an adaptive grazing management strategy for that sake. We show that debushing, while being a good practice for increasing the mean pasture productivity and thus expected income, also increases the farmer's income risk. The optimal extent of debushing for a risk-averse farmer is thus determined from balancing the positive and negative consequences of debushing on intertemporal and stochastic farm income.
KW - Sustainability Science
KW - Bush encroachment
KW - Expected utility
KW - Farm income
KW - Intertemporal optissmization
KW - Risk aversion
KW - Risk management
KW - Semi-arid rangeland
KW - Bush encroachment
KW - Expected utility
KW - Farm income
KW - Intertemporal optissmization
KW - Risk aversion
KW - Risk management
KW - Semi-arid rangeland
KW - Sustainability sciences, Management & Economics
KW - Bush encroachment
KW - Expected utility
KW - Farm income
KW - Intertemporal optissmization
KW - Risk aversion
KW - Risk management
KW - Semi-arid rangeland
UR - http://www.scopus.com/inward/record.url?scp=84903489389&partnerID=8YFLogxK
U2 - 10.1016/j.jenvman.2014.06.005
DO - 10.1016/j.jenvman.2014.06.005
M3 - Journal articles
C2 - 24984111
VL - 145
SP - 24
EP - 34
JO - Journal of Environmental Management
JF - Journal of Environmental Management
SN - 0301-4797
ER -