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

Author

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  • Govindasamy, Ramu
  • Cochran, Mark J.

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.

Suggested Citation

  • Govindasamy, Ramu & Cochran, Mark J., 1997. "An Economic Evaluation of Adoption of the Conservation Compliance Program: A Stochastic Dominance Approach," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 15(1), pages 1-13.
    • Handle: RePEc:ags:jloagb:90409
    DOI: 10.22004/ag.econ.90409
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    Cited by:

    1. James Vercammen, 2019. "A dynamic analysis of cost‐share agri‐environmental programs," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 67(1), pages 15-30, March.

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