FARMERS' VALUATION OF THE PRODUCTION OF PERENNIAL LIGNOCELLULOSE CONTAINING CROPS – A DISCRETE CHOICE EXPERIMENT

Caroline Sophie-Theresia Gillich, Christian Lippert and Tatjana Krimly

No 262163, 57th Annual Conference, Weihenstephan, Germany, September 13-15, 2017 from German Association of Agricultural Economists (GEWISOLA)

Abstract: By means of a discrete choice experiment farmers’ preferences for the cultivation of short rotation coppice (SRC) and miscanthus on arable land in selected regions of Baden-Wuerttemberg were investigated. To account for preference heterogeneity data was analyzed using a mixed logit model. Our results show that the cultivation of SRC and miscanthus are valued negatively. Increasing “risk aversion” and “farm size” both increase the implicitly assumed discount rate farmers apply. Nevertheless, derived monetary values suggest relevant potentials to establish SRC and miscanthus.

Keywords: Production Economics; Resource/Energy Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 4
Date: 2017-08-15
New Economics Papers: this item is included in nep-dcm
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Persistent link: https://EconPapers.repec.org/RePEc:ags:gewi17:262163

DOI: 10.22004/ag.econ.262163

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