An Inertia Model for the Adoption of New Farming Practices
AbstractNutrient emissions from agricultural land are now widely recognized as one of the key contributors to poor water quality in local lakes, rivers and streams. Nutrient trading has been suggested as a regulatory tool to improve and protect water quality. However, farmers’ attitudes suggest that they are resistant to making the changes required under such a scheme. This paper develops a model of farmers’ resistance to change and their adoption of new management practices under nutrient trading regulation. We specify resistance as a bound on the adoption of new practices and allow this bound to relax as farmers’ resistance to change weakens. This paper reflects current work in progress as part of the author’s Master’s Thesis. Future work will extend and build upon the material presented here. We request that readers refer to this paper only in the absence of a more recent version. This paper has been prepared for the purposes of the New Zealand Agricultural and Resource Economics Society conference August 2012.
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Bibliographic InfoPaper provided by New Zealand Agricultural and Resource Economics Society in its series 2012 Conference, August 31, 2012, Nelson, New Zealand with number 136038.
Date of creation: Aug 2012
Date of revision:
agriculture; inertia; mitigation; nutrient trading; technology adoption; Agribusiness; Environmental Economics and Policy; Farm Management; Land Economics/Use; Research and Development/Tech Change/Emerging Technologies;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-11-24 (Agricultural Economics)
- NEP-ALL-2012-11-24 (All new papers)
- NEP-ENV-2012-11-24 (Environmental Economics)
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