Insuring Farm Revenue and Profit as an Incentive for Adoption of Best Management Practices

Eric DeVuyst, Viju Ipe and Robert H. Hornbaker

No 271475, 1996 Annual Meeting, July 28-31, San Antonio, Texas from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Benefits from adoption of BMPs are not fully captured by farmers, so sub-optimal levels of adoption occur. Since BMPs may reduce profitability, it may be necessary I to provide farmers additional economic incentives. This study suggests insuring farm revenue or profit against loss due to BMP adoption as an incentive.

Keywords: Agricultural Finance; Farm Management (search for similar items in EconPapers)
Pages: 15
Date: 1996-07-28
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea96:271475

DOI: 10.22004/ag.econ.271475

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