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Rotational grazing adoption in cattle production under a cost‐share agreement: does uncertainty have a role in conservation technology adoption? |
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| Authors: | Seon‐Ae Kim Jeffrey M Gillespie Krishna P Paudel |
| Institution: | 1. Centre for Regional Development, Sunchon National University, South Korea;2. Department of Agricultural Economics and Agribusiness, Louisiana State University Agricultural Center, Baton Rouge, Louisiana, USA;3. Seon‐Ae Kim is Post‐doctoral Research Associate at the Centre for Regional Development, Sunchon National University, South Korea;4. Jeffrey M. Gillespie (email: ) is Martin D. Woodin Endowed Professor and Krishna P. Paudel is Associate Professor in the Department of Agricultural Economics and Agribusiness, Louisiana State University Agricultural Center, Baton Rouge, Louisiana, USA. |
| Abstract: | 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. |
| Keywords: | best management practices ex‐ante technology adoption rotational grazing |