The Subsidy for Adopting Conservation Tillage: Estimation from Observed Behavior

@inproceedings{Kurkalova2001TheSF,
  title={The Subsidy for Adopting Conservation Tillage: Estimation from Observed Behavior},
  author={Lyubov A. Kurkalova and Catherine Louise Kling and Jinhua Zhao},
  year={2001}
}
Due to payoff uncertainties combined with risk aversion and/or real options, farmers may demand a premium in order to adopt conservation tillage practices, over and above the compensation for the expected profit losses (if any). We propose a method of directly estimating the financial incentives for adopting conservation tillage and distinguishing between the expected payoff and the premium of adoption based on observed behavior. We find that the premium may play a significant role in farmers… CONTINUE READING

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