Toward Environmental Responsibility of Thai Shrimp Farming through a Voluntary Management Scheme
The implementation of voluntary adoption of the Code of Conduct (CoC) to promote environmental responsibility and sustainable development of Thai shrimp industry is examined. Farmers’ perceived- benefits, risks and uncertain-ties associated with the adoption and their perceived extra fixed cost are found to be the critical conditions to the success of the program. Improvement of farmers’ perception through increased information and knowledge, develop-ment of supportive policies and mechanisms (i.e. a “Group CoC” system, insur-ance program, a combination of environmental policy approaches) and strengthening farmer organizations and networks among and between the play-ers throughout the market chain are suggested as to enhance the adoption and implementation of the scheme.
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- Luc Valentin & Daniel J. Bernardo & Terry L. Kastens, 2004. "Testing the Empirical Relationship between Best Management Practice Adoption and Farm Profitability," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(4), pages 489-504.
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- Suthawan Sathirathai, 1998. "Economic Valuation of Mangroves and the Roles of Local Communities in the Conservation of Natural Resources: Case Study of Surat Thani, South of Thailand," EEPSEA Research Report rr1998061, Economy and Environment Program for Southeast Asia (EEPSEA), revised Jun 1998.
- Tipparat Pongthanapanich, 2005. "Options and Tradeoffs in Krabi's Coastal Land Use," Working Papers 66/2005, University of Southern Denmark, Department of Environmental and Business Economics.
- Mitchell, Paul D., 2004. "Nutrient Best Management Practice Insurance and Farmer Perceptions of Adoption Risk," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 36(03), December.
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