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Abstract
This paper reports results from a choice experiment conducted with pastoralists and graziers across
Australia’s tropical savannas in 2013 (n=104). The experiment is designed to inform the question
under what conditions are north Australian pastoralists and graziers willing to sign up to voluntary
on-farm biodiversity conservation contracts? Results are presented of random parameter logit
models of best-worst responses and first preferences, revealing the importance of and trade-offs
between contract attributes, and preference heterogeneity. An extended latent class model is also
presented to further explore heterogeneity of respondents’ preferences further. Discussion of the
results in the context of the international literature is provided and policy implications are proposed.