Economic and risk analysis of sustainable practice adoption among U.S. corn growers

Fengxia Dong and Paul D. Mitchell

Agricultural Systems, 2023, vol. 211, issue C

Abstract: Agricultural sustainability has three main pillars: a healthy environment, economic profitability, and social equity. Most programs, however, focus on environmental benefits when establishing protocols for farms, de-emphasizing or ignoring the economic and social aspects. This focus on the environmental aspects of agricultural sustainability misses the importance of economic factors that are commonly found to be key determinants of farmer adoption of best management practices. More research on the economic effects of sustainability practices on farm income and risk would improve understanding and facilitate communication with farmers about the tradeoffs and risks when using the protocols.

Keywords: Sustainable practice adoption; Production risk; Yield skewness; Certainty equivalent; Risk premium; Moment-based approach (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:agisys:v:211:y:2023:i:c:s0308521x2300135x

DOI: 10.1016/j.agsy.2023.103730

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