The Effect of Label Information on U.S. Farmersâ€™ Herbicide Choices
AbstractThis paper analyzes the effect of labeling information on U.S. farmersâ€™ herbicide choices. Herbicide choices reported by U.S. soybean farmers are used to estimate farmer preferences for different herbicide attributes using a mixed logit model. Our results indicate that statements displayed on pesticide labels regarding risks to human health and the environment are important components in herbicide selection. We find that farmers are willing to pay an average of $27 per acre to avoid using an herbicide labeled with the word â€œWarningâ€ and $38 per acre to avoid using an herbicide labeled with the word â€œDanger.â€
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Bibliographic InfoArticle provided by Northeastern Agricultural and Resource Economics Association in its journal Agricultural and Resource Economics Review.
Volume (Year): 41 (2012)
Issue (Month): 2 (August)
mixed logit model; WTP to avoid human and environmental risk; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Environmental Economics and Policy; Health Economics and Policy; Production Economics;
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