Files

Abstract

Investment decisions of farmers can be assumed to be mainly profitability driven. However, farmers are not only neo-classical entrepreneurs but are also social beings with families, a social network and surrounding which influences their decisions to invest or not. We have interviewed 254 farmers face-to-face at an agricultural exhibition in Germany in order to clarify why some farmers chose not to invest into biogas plants although the conditions were favourable with fixed prices and average annual returns on investment of about 10 %. The analysis has been done by using the logit analysis for three different regions in Germany. The results indicate that also socio-demographic factors are not significant at a 95 % level marital status as well as age in the different chosen regions seem to have had an influence on the investment decision. The paper concludes with a discussion of the results.

Details

PDF

Statistics

from
to
Export
Download Full History