Willingness to Pay for Precision Application Technology: The Case of Mississippi
Journal of Agricultural and Resource Economics, Vol. 27, No. 2, December 2002
Posted: 14 Jul 2003
A contingent valuation survey conducted in Mississippi is used to assess public willingness to pay for reductions in agricultural nonpoint pollution. We focus on implementation of a policy to provide farmers with precision application equipment to reduce nutrient runoff. Findings suggest public support exists for such policies. This paper also finds that inclusion of debriefing questions can be used to refine willingness-to-pay estimates in contingent valuation studies. Nonparametric and econometric scope tests suggests respondents are sensitive to level of runoff reduction and associated water-quality benefits.
Keywords: Contingent Valuation, Econometrics, Site-Specific Management, Variable Rate Technology
JEL Classification: Q26, Q25, Q28
Suggested Citation: Suggested Citation