An Economic Evaluation of Adoption of the Conservation Compliance Program: A Stochastic Dominance Approach

Ramu Govindasamy and Mark J. Cochran

Journal of Agribusiness, 1997, vol. 15, issue 01, 13

Abstract: Using stochastic dominance, this paper examines the adoption of the Conservation Compliance Program (CCP) in twelve Iowa soil types. Subsidies necessary to compensate producers for the increased risk of compliance strategies are estimated. Results indicate that to promote voluntary compliance with the CCP, the government should provide a subsidy of between $4.55 to $19.88 per acre, depending on the soil type.

Keywords: Agribusiness; Environmental Economics and Policy; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:90409

DOI: 10.22004/ag.econ.90409

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