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Willingness To Plant Identity Preserved Crops: The Case Of Mississippi Soybeans

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  • Hudson, Darren
  • Jones, Tom

Abstract

The willingness to plant identity preserved (IP) crops was examined using Mississippi soybean producers as an example. A contingent valuation framework was used to assess the impacts of offered premiums on a producer's probability of planting IP soybeans. Findings suggest that offered premiums significantly affect planting decisions. In addition, desire to learn more about IP production was found to increase the probability of planting, suggesting that desire to learn leads to experimentation. Finally, prior knowledge or experience planting IP crops significantly decreased the probability of planting.

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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 33 (2001)
Issue (Month): 03 (December)
Pages:

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Handle: RePEc:ags:joaaec:15444

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: identity preservation; soybeans; contingent valuation; experimentation; logit; probit; Crop Production/Industries; Q13; Q16;

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References

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  1. Darren Hudson & Don Ethridge & Jeff Brown, 1996. "Producer prices in cotton markets: Evaluation of reported price information accuracy," Agribusiness, John Wiley & Sons, Ltd., vol. 12(4), pages 353-362.
  2. Patrick Bolton & Christopher Harris, 1999. "Strategic Experimentation," Econometrica, Econometric Society, vol. 67(2), pages 349-374, March.
  3. Dobbs, Thomas L., 1998. "Price Premiums for Organic Crops," Choices, Agricultural and Applied Economics Association, vol. 13(2).
  4. Lentz, T. Daniel & Akridge, Jay T., 1997. "Economic Evaluation Of Alternative Supply Chains For Soybean Peroxidase," Journal of Food Distribution Research, Food Distribution Research Society, vol. 28(3), October.
  5. Guzman, Rolando M. & Ventura, Gustavo, 1998. "A model of experimentation with information externalities," Journal of Economic Dynamics and Control, Elsevier, vol. 23(1), pages 9-34, September.
  6. Cooper, Joseph C., 1997. "Combining Actual And Contingent Behavior Data To Model Farmer Adoption Of Water Quality Protection Practices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), July.
  7. Kalaitzandonakes, Nicholas G. & Maltsbarger, Richard, 1998. "Biotechnology and Identity-Preserved Supply Chains: A Look at the Future of Crop Production and Marketing," Choices, Agricultural and Applied Economics Association, vol. 13(4).
  8. Nicholas G. Kalaitzandonakes, 2000. "Agrobiotechnology and Competitiveness," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(5), pages 1224-1233.
  9. Brown, Jeff E. & Ethridge, Don E. & Hudson, Darren & Engels, Carlos, 1995. "An Automated Econometric Approach For Estimating And Reporting Daily Cotton Market Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(02), December.
  10. Pannell, David J., 1995. "Optimal Herbicide Strategies Given Yield and Quality Impacts of Weeds," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), August.
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