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Farmers' Valuation Of The Production Of Perennial Lignocellulose Containing Crops – A Discrete Choice Experiment

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  • Gillich, Caroline Sophie-Theresia
  • Lippert, Christian
  • Krimly, Tatjana

Abstract

By means of a discrete choice experiment farmers’ preferences for the cultivation of short rotation coppice (SRC) and miscanthus on arable land in selected regions of Baden-Wuerttemberg were investigated. To account for preference heterogeneity data was analyzed using a mixed logit model. Our results show that the cultivation of SRC and miscanthus are valued negatively. Increasing “risk aversion” and “farm size” both increase the implicitly assumed discount rate farmers apply. Nevertheless, derived monetary values suggest relevant potentials to establish SRC and miscanthus.

Suggested Citation

  • Gillich, Caroline Sophie-Theresia & Lippert, Christian & Krimly, Tatjana, 2017. "Farmers' Valuation Of The Production Of Perennial Lignocellulose Containing Crops – A Discrete Choice Experiment," 57th Annual Conference, Weihenstephan, Germany, September 13-15, 2017 262163, German Association of Agricultural Economists (GEWISOLA).
    • Handle: RePEc:ags:gewi17:262163
    DOI: 10.22004/ag.econ.262163
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    References listed on IDEAS

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    1. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    2. Hensher,David A. & Rose,John M. & Greene,William H., 2015. "Applied Choice Analysis," Cambridge Books, Cambridge University Press, number 9781107465923.
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    Keywords

    Production Economics; Resource /Energy Economics and Policy; Risk and Uncertainty;
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