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What's New in Economics Newsletter April May

What's New in Economics Newsletter April May - Whats New in...

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What’s New in Economics? April/May, 2004 Volume 1, Number 2 “Good environmentalism is good economics.” -Barber Conable, President of The World Bank New Buffer Analysis Tool In the last “What’s New in Economics?” I discussed the Economics of Buffers spreadsheet  that was originally developed by the National Conservation Buffer Council and updated for  Minnesota.  Now there is a new tool to assist landowners and planners in analyzing the  costs and benefits of conservation buffers.  The USDA National Agroforestry Center (NAC)  developed Buffer$, a simple spreadsheet-based application.  I have used Buffer$ and find  it easy to use and effective.  Buffer$ can calculate potential income from a buffer: Using cost share programs; Growing agroforestry specialty products; and Incorporating other income opportunities. For   decision   making   purposes,   Buffer$   can   compare   the   potential  income   generated  between installing a buffer on a portion of land or cropping that portion of land.  Buffer$  can also be used to evaluate the economic impact of removing an existing buffer.   Buffer$ can be downloaded at  http://www.unl.edu/nac/conservation  and requires Microsoft  Excel to run.  The costs for installation and maintenance budgets and the county soil rental  rates for calculating CCRP payments are currently Nebraska rates but Minnesota rates can  easily be entered into Buffer$.  If you are interested in using this tool, contact me and we  can update the data for your county or area.   Great Lakes Grazing Network The  Regional Multi-State Interpretation of Small Farm Financial Data , the second year  report of a USDA Integrated Food and Agricultural Systems (IFAS) Grant project on 2001  Great Lakes Grazing Network grazing dairy data, combines actual farm data from 126  graziers from across the Great Lakes region to provide financial benchmarks.  To be 
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