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Insuring Farm Revenue and Profit as an Incentive for Adoption of Best Management Practices

Author

Listed:
  • DeVuyst, Eric A.
  • Ipe, Viju
  • Hornbaker, Robert H.

Abstract

Benefits from adoption of BMPs are not fully captured by farmers, so sub-optimal levels of adoption occur. Since BMPs may reduce profitability, it may be necessary I to provide farmers additional economic incentives. This study suggests insuring farm revenue or profit against loss due to BMP adoption as an incentive.

Suggested Citation

  • DeVuyst, Eric A. & Ipe, Viju & Hornbaker, Robert H., 1996. "Insuring Farm Revenue and Profit as an Incentive for Adoption of Best Management Practices," 1996 Annual Meeting, July 28-31, San Antonio, Texas 271475, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea96:271475
    DOI: 10.22004/ag.econ.271475
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    Cited by:

    1. Ipe, Viju C. & DeVuyst, Eric A., 1999. "A Group Incentive Program For Farmer Adoption Of Best Management Practices: An Application To The Nitrate Pollution Problem In Central Illinois," 1999 Annual meeting, August 8-11, Nashville, TN 21704, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Keywords

    Agricultural Finance; Farm Management;

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