Carbon supply elasticity and determinants of farmer carbon farming decisions

By:

Wang, Tong

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Material type:

Continuing resourcePublication details: Applied Economic Perspectives and Policy; 2024Description: 1190-1213ISSN:

2040-5804

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Summary: 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 (

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Item type	Current library	Vol info	Status	Barcode
Article Index	Dr VKRV Rao Library	Vol. 46, No. 3	Not for loan	AI688

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 ( 0-70/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.

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