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ARS Home » Midwest Area » Ames, Iowa » National Laboratory for Agriculture and The Environment » Agroecosystems Management Research » Research » Research Project #435101

Research Project: Financial Data and Users Manual for Use with the Agricultural Conservation Planning Framework

Location: Agroecosystems Management Research

Project Number: 5030-13000-011-65-A
Project Type: Cooperative Agreement

Start Date: Aug 15, 2018
End Date: Aug 31, 2019

Objective:
1. Develop and provide multi-state financial data regarding best management practices (BMPs) for use with the USDA Agricultural Conservation Planning Framework (ACPF). 2. Develop a manual to guide ACPF users on the use of the financial planning tool.

Approach:
Objective 1: Assemble information to calculate direct long-term annual costs for installation and management of best management practices (BMP) use in Iowa, Illinois, Minnesota, Kansas, Missouri, Nebraska, and Wisconsin. Financial assessments will be done as per the discounted cashflow techniques. Practices to be accounted for are drainage management, grassed waterways, contour buffer strips/ prairie strips, water and sediment control basins, bioreactors, saturated buffers, nutrient removal wetlands, and multi-species and grassed riparian buffers. Land use opportunity costs of BMPs that remove cropped/pastured land from production (e.g., grassed waterways, vegetative filter strips, buffer strips, wetlands), will be spatially determined by state using weighted-average crop suitability indices and land rent relationships (for Iowa: the Corn Suitability Rating 2 and dry-land cash rent; for other states: the National Commodity Crop Productivity Index). Objective 2: The manual will provide text and figures with an overview of the methods used to develop the financial data for this project, step-by-step instructions for data use and interpretation, and land use planning case study examples. The goal of this manual is to serve as an update-able guide for the financial planning toolset that can be integrated into future ACPF training programs.