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Voluntary Economic and Environmental Risk Tradeoffs in Crop Protection Decisions

Published online by Cambridge University Press:  15 September 2016

Luanne Lohr ,
Timothy Park  and
Michael Wetzstein
Luanne Lohr
Affiliation:
Department of Agricultural and Applied Economics, University of Georgia
Timothy Park
Affiliation:
Department of Agricultural and Applied Economics, University of Georgia
Michael Wetzstein
Affiliation:
Department of Agricultural and Applied Economics, University of Georgia
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Abstract

An indirect utility model is employed for measuring farmers’ willingness to voluntarily accept yield losses for a reduction in environmental risk by decreasing pesticide use. Results support the hypothesis that farmers have self-described risk perceptions that enable them to make assessments of risk-yield tradeoffs. Policies designed to encourage and assist farmers making voluntary pesticide reductions can result in environmental risk reduction.

Type
Economics and the Environment in the 21st Century
Information
Agricultural and Resource Economics Review , Volume 27 , Issue 1 , April 1998 , pp. 108 - 116
Copyright
Copyright © 1998 Northeastern Agricultural and Resource Economics Association 

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