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Producer Preferences for Contracts on a Risky Bioenergy Crop

Author

Listed:
  • Krah, Kwabena
  • Petrolia, Daniel
  • Coble, Keith
  • Williams, Angelica
  • Harri, Ardian

Abstract

This study employs a stated choice experiment survey to identify producer preferences for contracts to produce Giant Miscanthus. Preliminary results indicate that price offered per ton of harvested Miscanthus, yield insurance availability, and biorefinery harvest have significant positive effects on the probability of a producer accepting a contract to produce Giant Miscahthus. The results show that risk-neutral farmers as more willing to accept contracts relative to risk-loving farmers, ceteris paribus. Farmers who perceive yield risk of Miscathus to be greater than their current crop are less likely to accept Giant Miscanthus contracts.

Suggested Citation

  • Krah, Kwabena & Petrolia, Daniel & Coble, Keith & Williams, Angelica & Harri, Ardian, 2015. "Producer Preferences for Contracts on a Risky Bioenergy Crop," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196994, Southern Agricultural Economics Association.
  • Handle: RePEc:ags:saea15:196994
    DOI: 10.22004/ag.econ.196994
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    File URL: http://ageconsearch.umn.edu/record/196994/files/SAEA_paper.pdf
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    References listed on IDEAS

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    Cited by:

    1. repec:eee:wdevel:v:124:y:2019:i:c:3 is not listed on IDEAS
    2. repec:ags:jlaare:273444 is not listed on IDEAS
    3. repec:oup:apecpp:v:40:y:2018:i:3:p:502-521. is not listed on IDEAS

    More about this item

    Keywords

    Resource /Energy Economics and Policy; Risk and Uncertainty;

    JEL classification:

    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

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