Economics of intercropping loblolly pine and oilseed crops for bio-jet fuel production in the Southern United States

Akter, Hosne Ara; Dwivedi, Puneet; Anderson, William F.; Lamb, Marshall C.

doi:10.1007/s10457-020-00584-5

Cited by 7 publications

(3 citation statements)

References 26 publications

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“…A discounted cash flow measures the value of an investment based upon the expected future cash flows it generates utilizing the expected present value of the investment (Bullard and Straka, 2011). Various capital budgeting criteria such as net present value (NPV) and land expectation value (LEV) are commonly applied in agroforestry investment analyses (Bruck et al, 2019;Chizmar et al, 2020;Akter et al, 2021). Along with NPV and LEV, we also estimated the Equivalent Annual Income (EAI) to annualize the forestry returns and the Benefit-Cost Ratio (BCR) to evaluate the scale of return on investment.…”

Section: Si (Metric) Unitmentioning

confidence: 99%

“…A Brazilian field study reported that intercropping maize for the first 3 years of a 22-year loblolly rotation is an economically viable practice that could help reduce pine planting costs (de Oliveira et al, 1998). Oilseed intercrops with loblolly pine found that the intercropping system possessed significantly higher economic returns, which vary by the discount rate, price, and yield (Akter et al, 2021). Similarly, an analysis of Peruvian silvopastoral systems examining silvopasture (pine and livestock) found that all of the silvopasture operations yielded higher returns than any pure crop, livestock, or tree system examined (Chizmar et al, 2020).…”

Section: Introductionmentioning

confidence: 98%

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Assessing the financial viability of growing industrial hemp with loblolly pine plantations in the southeastern United States

Barnes

Parajuli

Leggett

et al. 2023

Front. For. Glob. Change

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Industrial hemp (Cannabis sativa L. <0.3% THC), a non-psychoactive chemotype of cannabis, was reclassified and made legal for growing across the United States under the 2018 Farm Bill. Given that resources, knowledge, and interest for this novel crop are expanding rapidly, we explored the possibility of intercropping industrial hemp for fiber with loblolly pine (Pinus taeda) plantations, one of the most commercially widespread tree species in the southern United States. Following a previous greenhouse study confirming hemp’s ability to grow in pine-influenced soils, we examined the financial feasibility of this potential agroforestry system. We simulated the loblolly pine tree growth information using PTAEDA 4.0, a growth and yield model, and collected the enterprise budget data on hemp productivity, operating and fixed costs, and prices from various sources. Based on the capital budgeting analyses, results suggest that pine-hemp intercropping can yield higher economic returns –at least 25% higher net present value—than the conventional monoculture loblolly pine plantation. The early rotation cash flow and the complimentary benefits can result in a more financially viable loblolly pine plantation under the intercropping scenario. While new research continues to advance further with field trials and other analyses, this study provides valuable insights into the current market conditions and productivity level of industrial hemp cultivation that need to be addressed for hemp intercropping to succeed as an economically viable agroforestry investment.

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Section: Si (Metric) Unitmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Assessing the financial viability of growing industrial hemp with loblolly pine plantations in the southeastern United States

Barnes

Parajuli

Leggett

et al. 2023

Front. For. Glob. Change

View full text Add to dashboard Cite

show abstract

“…In this paper, we only concentrate on the second option. Several papers (Sindelar et al, 2017;Akter et al, 2021) have addressed the plantation of oilseed cover crops in a double-cropping system, and some of the papers estimated the areas that these cover crops could be produced in rotation with other crops in the United States (Embaye et al, 2018;Alam and Dwivedi, 2019). Producing these cover crops in the United States Corn-Belt is an important option.…”

Section: Potential Area For Producing Oilseed Cover Cropsmentioning

confidence: 99%

Oilseed Cover Crops for Sustainable Aviation Fuels Production and Reduction in Greenhouse Gas Emissions Through Land Use Savings

2022

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Induced Land Use Changes (ILUCs) can decrease the environmental benefits of Sustainable Aviation Fuels (SAFs) if produced from traditional food crops. The development of oilseed cover crops can eliminate the side effect of ILUCs for biofuel production because they come in rotation with the major crops with some savings in demand for new cropland. This study implemented Life Cycle Analysis (LCA) and GTAP-BIO to estimate ILUC emissions values, the potentially available area, and total possible emissions savings of producing SAFs from carinata, camelina, and pennycress in the United States. The results suggest that: 1) the meals produced in conjunction with increases in Sustainable Aviation Fuel production from carinata, camelina, and pennycress could reduce land use emissions by 12.9, 15.3, and 18.3 gCO2e/MJ, respectively; 2) the total area of available land for producing these feedstocks could be about 29.3 million ha in 2035; and 3) using this area of land for SAF production, depends on the mix of oilseed cover crops that can be produced in practice, could generate up to 92 million metric tons of savings in GHG emissions per year. The projected emissions savings is about 11% of the current global GHG emissions generated by the aviation industry. Providing incentives to encourage farmers to produce these cover crops and facilitating investment in producing SAF from these cover crops are the most important factors that could help the aviation industry to enhance emissions savings.

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Does Intercropping Carinata with Loblolly Pine for Sustainable Aviation Fuel Production Save Carbon? A Case Study from the Southern United States

et al. 2022

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Economics of intercropping loblolly pine and oilseed crops for bio-jet fuel production in the Southern United States

Cited by 7 publications

References 26 publications

Assessing the financial viability of growing industrial hemp with loblolly pine plantations in the southeastern United States

Assessing the financial viability of growing industrial hemp with loblolly pine plantations in the southeastern United States

Oilseed Cover Crops for Sustainable Aviation Fuels Production and Reduction in Greenhouse Gas Emissions Through Land Use Savings

Does Intercropping Carinata with Loblolly Pine for Sustainable Aviation Fuel Production Save Carbon? A Case Study from the Southern United States

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