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Assessing the dynamics of natural capital on farms: A soil natural capital indicator
journal contribution
posted on 2023-05-20, 16:17 authored by Azad, MAS, Ancev, TEfficient management of natural resources and environmental assets requires adequate assessment of natural capital on farms. Conceptual frameworks and practical measurement techniques to assess the state of natural capital assets and ecosystem services on farms are not readily available. In this paper, we propose a natural capital adjusted productivity and efficiency technique that can be used in effectively measuring the dynamics of natural capital on farms. This on-farm natural capital indicator is constructed based on the directional distance functions approach. As an empirical application, this newly devised indicator is applied to determine how soil natural capital in farm production systems changes over time. Findings from this study will aid decision making to support maintaining higher farm productivity growth in agriculture and achieving environmental sustainability.
History
Publication title
Ecological EconomicsVolume
168Pagination
1-7ISSN
0921-8009Department/School
TSBEPublisher
Elsevier Science BvPlace of publication
Po Box 211, Amsterdam, Netherlands, 1000 AeRights statement
© 2019 Elsevier B.V.Repository Status
- Restricted