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An Economic Evaluation of Adoption of the Conservation Compliance Program: A Stochastic Dominance Approach

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  • Govindasamy, Ramu
  • Cochran, Mark J.
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    Abstract

    Using stochastic dominance, this paper examines the adoption of the Conservation Compliance Program (CCP) in twelve Iowa soil types. Subsidies necessary to compensate producers for the increased risk of compliance strategies are estimated. Results indicate that to promote voluntary compliance with the CCP, the government should provide a subsidy of between $4.55 to $19.88 per acre, depending on the soil type.

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    File URL: http://purl.umn.edu/90409
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    Bibliographic Info

    Article provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.

    Volume (Year): 15 (1997)
    Issue (Month): 1 ()
    Pages:

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    Handle: RePEc:ags:jloagb:90409

    Contact details of provider:
    Postal: 301 Conner Hall, University of Georgia, Athens, GA 30602-7509
    Web page: http://www.agecon.uga.edu/~jab/
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    Related research

    Keywords: conservation compliance; Stochastic dominance; Adoption; Risk premium; Erosion; Agribusiness; Environmental Economics and Policy; Research Methods/ Statistical Methods;

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