Tong Wang, Hailong Jin, David Clay, Heidi L. Sieverding, Stephen Cheye
{"title":"Carbon supply elasticity and determinants of farmer carbon farming decisions","authors":"Tong Wang, Hailong Jin, David Clay, Heidi L. Sieverding, Stephen Cheye","doi":"10.1002/aepp.13442","DOIUrl":null,"url":null,"abstract":"<p>This paper analyzed farmers' willingness to accept (WTA) payment and uncertainties toward carbon market through a 2021 U.S. Midwest farmer survey. The findings showed that farmer carbon supply was elastic at intermediate prices ($20–50/Mg), but inelastic at low ($10–20/Mg) and high ($50–70/Mg) price levels. While perceived co-benefits play significant roles in promoting participation at low-price levels, variables such as age, education, farm size, and soil quality are more likely to influence producers' choices at intermediate- and high-price levels. To enhance farmers' support for carbon programs, measures should be taken to improve benefit, while reducing cost and uncertainty.</p>","PeriodicalId":8004,"journal":{"name":"Applied Economic Perspectives and Policy","volume":"46 3","pages":"1190-1213"},"PeriodicalIF":3.3000,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Applied Economic Perspectives and Policy","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/aepp.13442","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"AGRICULTURAL ECONOMICS & POLICY","Score":null,"Total":0}
引用次数: 0
Abstract
This paper analyzed farmers' willingness to accept (WTA) payment and uncertainties toward carbon market through a 2021 U.S. Midwest farmer survey. The findings showed that farmer carbon supply was elastic at intermediate prices ($20–50/Mg), but inelastic at low ($10–20/Mg) and high ($50–70/Mg) price levels. While perceived co-benefits play significant roles in promoting participation at low-price levels, variables such as age, education, farm size, and soil quality are more likely to influence producers' choices at intermediate- and high-price levels. To enhance farmers' support for carbon programs, measures should be taken to improve benefit, while reducing cost and uncertainty.
期刊介绍:
Applied Economic Perspectives and Policy provides a forum to address contemporary and emerging policy issues within an economic framework that informs the decision-making and policy-making community.
AEPP welcomes submissions related to the economics of public policy themes associated with agriculture; animal, plant, and human health; energy; environment; food and consumer behavior; international development; natural hazards; natural resources; population and migration; and regional and rural development.