Table 1.
Current | Limit NH3 loss | Limit NH3 loss + lower N input | Limit NH3 loss + lower N input + land retirement | |
---|---|---|---|---|
Midwest farmer profits plus government payments | $6.39 | $6.83 | $7.45 | $10.34 |
Midwest maize farmer profits a | $4.30 | $4.74 | $5.37 | $8.61 |
Government payments received a | $2.09 | $2.09 | $2.09 | $2.58 b |
Government expenditures | −$2.09 | −$2.09 | −$2.09 | −$2.58b |
Health and environment costs | −$25.59 | −$13.89 | −$4.34 | −$3.96 |
Subtotal: Midwest farmer profits, government expenditures, and health and environment costs | −$21.28 | −$9.15 | $1.02 | $3.80 |
Change in benefits to consumers and non-Midwest producers of maize from increased maize price | n/a | n/a | −$3.93 | −$6.23 |
Change in benefits to consumers of Midwest maize a | n/a | n/a | −$3.93 | −$6.23 |
Change in benefits to consumers of non-Midwest maize a | n/a | n/a | −$18.77 | −$33.67 |
Change in farmer profits for non-Midwest producers of maize a | n/a | n/a | $18.77 | $33.67 |
Total: Farmer profits, government expenditures, health and environment costs, change in consumer benefits | −$21.28 | −$9.15 | −$2.91 | −$2.43 |
Change in social welfare relative to current | $12.14 | $18.38 | $18.85 |
aThe italicized text represents subcategories of the non-italicized text rows above.
bThis total includes government payments of $1.73 billion to farmers that remain in production, and $0.85 billion in compensation for forgone profits to farmers on retired land.