Table 7.
A summary simulated results of the benefits associated with the externalities.
Externalities | Distribution | Average (US$ ha−1) |
5% Percentile (US$ ha−1) |
95% Percentile (US$ ha−1) |
Stdev |
---|---|---|---|---|---|
On-farm biodiversity | ExtValue (48,18) | 59 | 28 | 102 | 23 |
Carbon sequestration | Triangular (0.6; 90; 90) | 15 | 3 | 29 | 5 |
Soil biodiversity | Uniform (2, 27) | 15 | 3 | 27 | 8 |
Social impact | Risk Laplace (55, 48.5) | 275 | 9 | 668 | 242 |
Reduction in soil erosion | Risk Uniform (5,61) | 33 | 8 | 58 | 16 |
NB: 10,000 for Monte Carlo simulation (n = 10,000).