By grounding policy design in a more realistic understanding of how producers act and behave, behavioral approaches have the potential to accelerate the adoption of BMPs that generate ‘win-win’ outcomes for farmers and the environment, and enhance the overall effectiveness of incentive programs for promoting the adoption of more costly BMPs. [...] The privately optimal rate of N application is described as the application rate which produces the maximum amount of benefit for producers based on the market price of N inputs and the expected yield; however, the social cost of N accounts for both the private costs to the producer and the monetization of a variety of non-market assets (i.e., human health, clean air, clean water) that are impacte. [...] as the actual profitability and riskiness of the new practices themselves, are all predicted to impact the peak adoption level N fertilizer management and soil health BMPs often require and the amount of time it takes for the practice or technology to additional equipment, training, or labor costs, and farmers disseminate, or reach peak adoption.173 are unlikely to adopt the prescribed practices i. [...] The socially optimal rate of N application ensures that ensure they achieve the greatest profit each growing season, but the greatest net benefit to society is achieved, after considering there is evidence that farmers tend to apply N fertilizers above the cost of the externalities to society and the private costs to the recommended rates.217 Wagner-Riddle and Weersink explain farmer.219 that yiel. [...] rate when there are negative externalities associated with the producer’s practices.220 For example, N application is known to The privately optimal rate of N application is the application rate negatively impact water quality and so by including the cost of which produces the maximum amount of benefit for producers damage to water quality in the cost of each kilogram of N, the based on the market.
- Pages
- 83
- Published in
- Canada
