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Rotational grazing adoption in cattle production under a cost‐share agreement: does uncertainty have a role in conservation technology adoption?
Author(s) -
Kim SeonAe,
Gillespie Jeffrey M.,
Paudel Krishna P.
Publication year - 2008
Publication title -
australian journal of agricultural and resource economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 1364-985X
DOI - 10.1111/j.1467-8489.2007.00434.x
Subject(s) - grazing , revenue , production (economics) , context (archaeology) , business , government (linguistics) , willingness to pay , opportunity cost , natural resource economics , agricultural science , public economics , agricultural economics , economics , geography , environmental science , microeconomics , ecology , finance , linguistics , philosophy , archaeology , biology
Rotational grazing has been promoted as a best management practice with environmental benefits and associated higher revenue. Its adoption rate has been relatively low. This study investigates the role of uncertainty in the adoption of rotational grazing with a cost‐share by cattle producers. Mail survey results indicate that 63–71 per cent of cattle producers are uncertain about adoption with a government cost‐share. The study suggests that the possibility of uncertainty should be considered in cases where willingness‐to‐pay is elicited in the context of adoption of technology.