External benefits of preserving agricultural land: Taiwan's rice fields

@inproceedings{Chang2005ExternalBO,
  title={External benefits of preserving agricultural land: Taiwan's rice fields},
  author={Koyin Chang and Yung-Hsiang Ying},
  year={2005}
}
Agricultural production for many countries seems to generate a negative economic profit due to waves of industrialization in the past several decades. One of the main reasons is that the value of the land in non-agricultural uses rises considerably. However, the profitability of agricultural production may be underestimated if the positive externalities associated with farmland are not included. A proper accounting for these positive externalities casts agricultural production in a more… CONTINUE READING

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