Asymmetric Willingness-to-Pay Distributions for Livestock Manure

Bailey Norwood (), Ryan L. Luter and Raymond E. Massey

Journal of Agricultural and Resource Economics, 2005, vol. 30, issue 3, 18

Abstract: The Environmental Protection Agency's new Concentrated Animal Feeding Operations (CAFO) regulations are forcing some farms to export livestock manure to off-farm acres. The regulation compliance cost depends on the willingness of neighboring crop producers to accept or pay for the manure. This study estimates a manure willingness-to-pay distribution for crop producers using a contingent valuation mail survey. A flexible parametric distribution is borrowed from the crop yield literature, which shows that manure willingness to pay is left-skewed. Most crop producers in our sample will pay a positive price close to the savings in commercial fertilizer, but approximately 25% require a payment before accepting manure.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:30972

DOI: 10.22004/ag.econ.30972

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