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Volume 30, Number 03, December 2005 >
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|Title: ||Asymmetric Willingness-to-Pay Distributions for Livestock Manure|
|Authors: ||Norwood, F. Bailey|
Luter, Ryan L.
Massey, Raymond E.
|Keywords: ||animal waste|
willingness to pay
|Issue Date: ||2005-12|
|Abstract: ||The Environmental Protection Agency's new Concentrated Animal Feeding Operations (CAFO) regulations are forcing some farms to export livestock manure to off-farm acres. The regulation compliance cost depends on the willingness of neighboring crop producers to accept or pay for the manure. This study estimates a manure willingness-to-pay distribution for crop producers using a contingent valuation mail survey. A flexible parametric distribution is borrowed from the crop yield literature, which shows that manure willingness to pay is left-skewed. Most crop producers in our sample will pay a positive price close to the savings in commercial fertilizer, but approximately 25% require a payment before accepting manure.|
|Institution/Association: ||Journal of Agricultural and Resource Economics>Volume 30, Number 03, December 2005|
|Total Pages: ||18|
|From Page: ||431|
|To Page: ||448|
|Collections:||Volume 30, Number 03, December 2005|
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