Over-Perception about Land Use Changes: Assessing Empirical Evidence and Linkage with Decisions and Motivated Beliefs
David Hennessy and
Land Economics, 2022, vol. 98, issue 2, 254-273
Prairie strips planted into crop fields offer multiple environmental benefits. This study estimates the willingness of U.S. farmers to convert 5% of their largest corn-soybean field to prairie strips in exchange for payment. Using stated preference results to estimate land supply, we find that 20% of farmers are willing to adopt prairie strips at payments equivalent to average Conservation Reserve Program rental rates, corresponding to potential conversion of 90,000 acres on 1.8 million acres of cropland. Farmers are likelier to adopt in smaller fields and when they perceive that prairie strips will benefit environmental quality or agricultural productivity.
JEL-codes: Q15 Q57 (search for similar items in EconPapers)
Note: DOI: 10.3368/le.98.2.040920-0052R
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Working Paper: Over-perception about Land Use Changes: Assessing Empirical Evidence and Linkage with Decisions and Motivated Beliefs (2022)
Working Paper: Over-perception about Land Use Changes: Assessing Empirical Evidence and Linkage with Decisions and Motivated Beliefs (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:98:y:2022:i:2:p:254-273
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