EconPapers    
Economics at your fingertips  
 

Nutrient Best Management Practice Insurance and Farmer Perceptions of Adoption Risk

Paul Mitchell (pdmitchell@wisc.edu)

Journal of Agricultural and Applied Economics, 2004, vol. 36, issue 3, 17

Abstract: This paper explores the effect farmer perceptions concerning how best management practice (BMP) adoption changes the profit distribution have on BMP adoption incentives and the potential for insurance to increase these incentives. Adoption indifference curves illustrate the effect of farmer perceptions on BMP adoption incentives and the potential for insurance to expand the set of perceptions consistent with adoption. Empirical analysis quantifies these conceptual results for nutrient BMP insurance, a new policy available to corn farmers as part of a USDA-Risk Management Agency pilot program in four states. Results indicate that nutrient BMP insurance can have economically relevant effects on farmer adoption incentives.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://ageconsearch.umn.edu/record/43460/files/Mi ... 0December%202004.pdf (application/pdf)

Related works:
Journal Article: Nutrient Best Management Practice Insurance and Farmer Perceptions of Adoption Risk (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:43460

DOI: 10.22004/ag.econ.43460

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).

 
Page updated 2025-01-16
Handle: RePEc:ags:joaaec:43460