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Agricultural Perspectives on Water Quality Credit Trading in Minnesota and the BMP CHALLENGE

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Abstract:

An innovative project is informing Minnesota agricultural professionals about emerging opportunities in water quality credit trading as well as BMP performance guarantees for corn farmers practicing nutrient management or reduced tillage. The project team includes experts from American Farmland Trust, Kieser and Associates, the Minnesota River Joint Powers Board, and Agflex, with advisors from industry, non-governmental organizations and agencies including the Minnesota Pollution Control Agency (MPCA) and USDA NRCS. In 2008, the team delivered a white paper to MPCA on agricultural perspectives on water quality credit trading in Minnesota, outlining issues, barriers and opportunities for agricultural sector participation in trading in the state. MPCA is currently developing statewide rules for trading. The BMP performance guarantees are available via the BMP CHALLENGE program (www.bmpchallenge.org) to corn farmers throughout the corn belt. An unique enhanced nutrient management pilot in Pennsylvania in 2006 and 2007 guaranteed net income for farmers willing to apply 15% less than university-recommended rates of nitrogen, cutting applications by 47 tons at a cost per pound reduced comparable to other approaches identified as cost-effective for the Chesapeake Bay. The project partners have completed a training curriculum on water quality credit trading and the BMP CHALLENGE, trained three in-state professionals and offered a series of well-attended workshops throughout the state.
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Association:
Name: SOIL AND WATER CONSERVATION SOCIETY
URL:
http://www.swcs.org


Citation:
URL: http://citation.allacademic.com/meta/p255481_index.html
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MLA Citation:

Green, Thomas., Kieser, Mark., Klang, James., Brandt, Brian. and Fisher, Shannon. "Agricultural Perspectives on Water Quality Credit Trading in Minnesota and the BMP CHALLENGE" Paper presented at the annual meeting of the SOIL AND WATER CONSERVATION SOCIETY, TBA, Tucson, Arizona, Jul 26, 2008 <Not Available>. 2013-12-14 <http://citation.allacademic.com/meta/p255481_index.html>

APA Citation:

Green, T. , Kieser, M. , Klang, J. , Brandt, B. and Fisher, S. , 2008-07-26 "Agricultural Perspectives on Water Quality Credit Trading in Minnesota and the BMP CHALLENGE" Paper presented at the annual meeting of the SOIL AND WATER CONSERVATION SOCIETY, TBA, Tucson, Arizona <Not Available>. 2013-12-14 from http://citation.allacademic.com/meta/p255481_index.html

Publication Type: Oral Presentation
Abstract: An innovative project is informing Minnesota agricultural professionals about emerging opportunities in water quality credit trading as well as BMP performance guarantees for corn farmers practicing nutrient management or reduced tillage. The project team includes experts from American Farmland Trust, Kieser and Associates, the Minnesota River Joint Powers Board, and Agflex, with advisors from industry, non-governmental organizations and agencies including the Minnesota Pollution Control Agency (MPCA) and USDA NRCS. In 2008, the team delivered a white paper to MPCA on agricultural perspectives on water quality credit trading in Minnesota, outlining issues, barriers and opportunities for agricultural sector participation in trading in the state. MPCA is currently developing statewide rules for trading. The BMP performance guarantees are available via the BMP CHALLENGE program (www.bmpchallenge.org) to corn farmers throughout the corn belt. An unique enhanced nutrient management pilot in Pennsylvania in 2006 and 2007 guaranteed net income for farmers willing to apply 15% less than university-recommended rates of nitrogen, cutting applications by 47 tons at a cost per pound reduced comparable to other approaches identified as cost-effective for the Chesapeake Bay. The project partners have completed a training curriculum on water quality credit trading and the BMP CHALLENGE, trained three in-state professionals and offered a series of well-attended workshops throughout the state.

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