Producer Preferences for Contracts on a Risky Bioenergy Crop

Kwabena Krah (), Daniel Petrolia, Keith Coble, Angelica Williams and Ardian Harri

No 196994, 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: This study employs a stated choice experiment survey to identify producer preferences for contracts to produce Giant Miscanthus. Preliminary results indicate that price offered per ton of harvested Miscanthus, yield insurance availability, and biorefinery harvest have significant positive effects on the probability of a producer accepting a contract to produce Giant Miscahthus. The results show that risk-neutral farmers as more willing to accept contracts relative to risk-loving farmers, ceteris paribus. Farmers who perceive yield risk of Miscathus to be greater than their current crop are less likely to accept Giant Miscanthus contracts.

Keywords: Resource/Energy Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 27
Date: 2015
New Economics Papers: this item is included in nep-agr and nep-dcm
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Related works:
Journal Article: Producer Preferences for Contracts on a Risky Bioenergy Crop (2018)
Working Paper: Producer preferences for contracts on a risky bioenergy crop (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea15:196994

DOI: 10.22004/ag.econ.196994

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