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Economic Risk and Water Quality Protection in Agriculture

Author

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  • Darrell J. Bosch
  • James W. Pease

Abstract

Producers' and consumers' risk perceptions and preferences can affect perceived costs and benefits of agricultural water quality protection. Many studies find that integrated pest management actually reduces economic risks to farmers. Results from crop rotation and conservation tillage studies are mixed, while nutrient management studies indicate a potential for higher risk compared with conventional practices. Uncertainty about pollution damages to water resources is likely also to increase the perceived benefits of a given quantity of water quality protection practices. Public policies to reduce uncertainty about the costs and benefits of water quality protection practices may produce net social benefits.

Suggested Citation

  • Darrell J. Bosch & James W. Pease, 2000. "Economic Risk and Water Quality Protection in Agriculture," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 22(2), pages 438-463.
  • Handle: RePEc:oup:revage:v:22:y:2000:i:2:p:438-463.
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    File URL: http://hdl.handle.net/10.1111/1058-7195.00032
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    Cited by:

    1. Pease, James W. & Bosch, Darrell J., 2004. "Reinventing Regulation of Agriculture: Alternative Performance Standards for Concentrated Animal Feeding Operations," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(02), pages 277-286, August.
    2. 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.
    3. Elofsson, Katarina, 2002. "Economics of Marine Pollution," Department of Economics publications 78, Swedish University of Agricultural Sciences, Department of Economics.
    4. Calatrava-Leyva, Javier & Franco, Juan Agustin & Gonzalez-Roa, Maria del Carmen, 2005. "Adoption of Soil Conservation Practices in Olive Groves: The Case of Spanish Mountainous Areas," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24661, European Association of Agricultural Economists.
    5. Kurkalova, Lyubov A., 2014. "On optimal placement of best management practices in agricultural watersheds," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169768, Agricultural and Applied Economics Association.
    6. Stephenson, Kurt & Bosch, Darrell J., 2003. "Nonpoint Source And Carbon Sequestration Credit Trading: What Can The Two Learn From Each Other?," 2003 Annual meeting, July 27-30, Montreal, Canada 22229, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Ekman, Sone, 2002. "Cost-Effective Farm-Level Nitrogen Abatement in the Presence of Environmental and Economic Risk," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24860, European Association of Agricultural Economists.

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