IDEAS home Printed from https://ideas.repec.org/p/ags/aaea14/170231.html
   My bibliography  Save this paper

Cow-Calf Producer Risk Preference Impacts On Willingness To Pay For Sustainable Breeding Practices

Author

Listed:
  • Boaitey, Albert
  • Goddard, Ellen
  • Mohapatra, Sandeep
  • Hailu, Getu

Abstract

The role producer risk preferences on WTP is for sustainable breeding practices addressed in this paper using stated preference methods. Estimates of WTP amongst beef producers are compared with those the diary sector. Whilst preliminary indicate a relatively lower impact, these effects seem nuanced in dairy relative to beef. This suggests that influence of risk in the producer valuation of new technologies may be commingled with market structure effects.

Suggested Citation

  • Boaitey, Albert & Goddard, Ellen & Mohapatra, Sandeep & Hailu, Getu, 2014. "Cow-Calf Producer Risk Preference Impacts On Willingness To Pay For Sustainable Breeding Practices," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170231, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea14:170231
    DOI: 10.22004/ag.econ.170231
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/170231/files/ABOAITEY%20ET%20AL.%20CONFERENCE%20PAPER.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.170231?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Awudu Abdulai & Wallace E. Huffman, 2005. "The Diffusion of New Agricultural Technologies: The Case of Crossbred-Cow Technology in Tanzania," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(3), pages 645-659.
    2. Ward, Clement E. & Vestal, Mallory K. & Doye, Damona G. & Lalman, David L., 2008. "Factors Affecting Adoption of Cow-Calf Production Practices in Oklahoma," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(3), pages 851-863, December.
    3. Grable, John & Lytton, Ruth H., 1999. "Financial risk tolerance revisited: the development of a risk assessment instrument," Financial Services Review, Elsevier, vol. 8(3), pages 163-181.
    4. Hanemann, W. Michael, . "Some Issues In Continuous - And Discrete - Response Contingent Valuation Studies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(1), pages 1-9.
    5. Darren Hudson & Diane Hite, 2003. "Producer Willingness to Pay for Precision Application Technology: Implications for Government and the Technology Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 51(1), pages 39-53, March.
    6. Gillespie, Jeffrey M. & Davis, Christopher G. & Rahelizatovo, Noro C., 2004. "Factors Influencing the Adoption of Breeding Technologies in U.S. Hog Production," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(1), pages 35-47, April.
    7. Elliott, Lisa & Parcell, Joe & Patterson, David & Smith, Michael F. & Poock, Scott, 2013. "Factors Influencing Beef Reproductive Technology Adoption," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2013, pages 1-20, June.
    8. Kim, Seon-Ae & Gillespie, Jeffrey M. & Paudel, Krishna P., 2004. "The Effect Of Economic Factors On The Apoption Of Best Management Practices In Beef Cattle Production," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34670, Southern Agricultural Economics Association.
    9. Allan M. Walburger, 2002. "Estimating the Implicit Prices of Beef Cattle Attributes: A Case from Alberta," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 50(2), pages 135-149, July.
    10. Young, Katherine D. & Shumway, C. Richard, 1991. "Cow-Calf Producers' Perceived Profit Maximization Objective: A Logit Analysis," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(1), pages 1-8, July.
    11. Roessler, Regina & Drucker, Adam G. & Scarpa, Riccardo & Markemann, André & Lemke, Ute & Thuy, Le T. & Valle Zárate, Anne, 2008. "Using choice experiments to assess smallholder farmers' preferences for pig breeding traits in different production systems in North-West Vietnam," Ecological Economics, Elsevier, vol. 66(1), pages 184-192, May.
    12. Mallory K. Vestal & Jayson L. Lusk & Eric A. DeVuyst & J. Robert Kropp, 2013. "The value of genetic information to livestock buyers: a combined revealed, stated preference approach," Agricultural Economics, International Association of Agricultural Economists, vol. 44(3), pages 337-347, May.
    13. Michael Hanemann & John Loomis & Barbara Kanninen, 1991. "Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1255-1263.
    14. Jayson L. Lusk & Darren Hudson, 2004. "Willingness-to-Pay Estimates and Their Relevance to Agribusiness Decision Making," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(2), pages 152-169.
    15. Jeremy D. Foltz & Hsiu-Hui Chang, 2002. "The Adoption and Profitability of rbST on Connecticut Dairy Farms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(4), pages 1021-1032.
    16. Fausti, Scott W. & Gillespie, Jeffrey M., 2006. "Measuring risk attitude of agricultural producers using a mail survey: how consistent are the methods?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 50(2), pages 1-18, June.
    17. Jan Chvosta & Randal R. Rucker & Myles J. Watts, 2001. "Transaction Costs and Cattle Marketing: The Information Content of Seller-Provided Presale Data at Bull Auctions," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 286-301.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Caroline Roussy & Aude Ridier & Karim Chaïb, 2014. "Adoption d’innovations par les agriculteurs : rôle des perceptions et des préférences," Post-Print hal-01123427, HAL.
    2. Elliott, Lisa & Parcell, Joe & Patterson, David & Smith, Michael F. & Poock, Scott, 2013. "Factors Influencing Beef Reproductive Technology Adoption," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2013, pages 1-20, June.
    3. Seon-Ae Kim & Jeffrey M. Gillespie & Krishna P. Paudel, 2008. "Rotational grazing adoption in cattle production under a cost-share agreement: does uncertainty have a role in conservation technology adoption?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(3), pages 235-252, September.
    4. Zapata, Samuel D. & Carpio, Carlos E., . "Distribution-Free Methods to Estimate Willingness to Pay Models Using Discrete Response Valuation Data," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 49(1).
    5. Zapata, Samuel D. & Carpio, Carlos E., 2014. "Distribution-free Methods for Estimation of Willingness to Pay Models Using Discrete Response Valuation Data," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170453, Agricultural and Applied Economics Association.
    6. Sauer, Johannes & Zilberman, David, 2009. "Innovation Behaviour At Farm Level – Selection And Identification," 83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland 51073, Agricultural Economics Society.
    7. Waranan Tantiwat & Christopher Gan & Wei Yang, 2021. "The Estimation of the Willingness to Pay for Air-Quality Improvement in Thailand," Sustainability, MDPI, vol. 13(21), pages 1-23, November.
    8. Abay Asfaw & Joachim Braun, 2005. "Innovations in Health Care Financing: New Evidence on the Prospect of Community Health Insurance Schemes in the Rural Areas of Ethiopia," International Journal of Health Economics and Management, Springer, vol. 5(3), pages 241-253, September.
    9. Owusu, Victor & Owusu, Michael Anifori, 2010. "Measuring Market Potential for Fresh Organic Fruit and Vegetable in Ghana," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 95955, African Association of Agricultural Economists (AAAE).
    10. Simon Chege Kimenju & Hugo De Groote, 2008. "Consumer willingness to pay for genetically modified food in Kenya," Agricultural Economics, International Association of Agricultural Economists, vol. 38(1), pages 35-46, January.
    11. Schwarzinger, Michaël & Carrat, Fabrice & Luchini, Stéphane, 2009. ""If you have the flu symptoms, your asymptomatic spouse may better answer the willingness-to-pay question": Evidence from a double-bounded dichotomous choice model with heterogeneous anchori," Journal of Health Economics, Elsevier, vol. 28(4), pages 873-884, July.
    12. Fateh Mamine & Noure El Imène Boumali & Etienne Montaigne, 2020. "Why Farmers Adopt Agro-Industrial By-Products in Animal Feed? Lesson Learned in Algerian Case," Post-Print hal-02966547, HAL.
    13. Dmitriy Li & Meenakshi Rishi & Jeong Hwan Bae, 2023. "Regional Differences in Willingness to Pay for Mitigation of Air Pollution from Coal-Fired Power Plants in South Korea," Sustainability, MDPI, vol. 15(24), pages 1-17, December.
    14. Smith, Katy V. & DeLong, Karen L. & Griffith, Andrew P. & Boyer, Christopher N. & Martinez, Charley & Jensen, Kimberley L., 2023. "Cow-Calf Producer Preferences for Bull Genomic Enhanced Expected Progeny Differences," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 48(3), September.
    15. An, Mark Y. & Roberto Ayala, 1995. "A Mixture Model of Willingness to Pay Distributions," Working Papers 95-21, Duke University, Department of Economics.
    16. Jung-Eun Kim & Jungsung Yeo, 2010. "Valuation of Consumers’ Personal Information: A South Korean Example," Journal of Family and Economic Issues, Springer, vol. 31(3), pages 297-306, September.
    17. Batte, Marvin T. & Ernst, Stanley C., 2007. "Net Gains from 'Net Purchases? Farmers' Preferences for Online and Local Input Purchases," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), pages 1-11, April.
    18. Deborah Bentivoglio & Adele Finco & Giorgia Bucci & Giacomo Staffolani, 2020. "Is There a Promising Market for the A2 Milk? Analysis of Italian Consumer Preferences," Sustainability, MDPI, vol. 12(17), pages 1-16, August.
    19. Canales Medina, Elizabeth & Bergtold, Jason S. & Williams, Jeffery R., 2017. "Modeling the factors affecting farmers’ timing of adoption of in-field conservation cropping practices," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 258558, Agricultural and Applied Economics Association.
    20. Chanita Panmanee & Aree Cheamuangphan & Kasem Kunasri, 2013. "Consumer preferences, willingness to pay and ability to pay for fresh organic vegetables in Chiang Mai province," The Empirical Econometrics and Quantitative Economics Letters, Faculty of Economics, Chiang Mai University, vol. 2(1), pages 29-42, March.

    More about this item

    Keywords

    Risk and Uncertainty;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea14:170231. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.