SummaryLandowners can engage in voluntary conservation with the help of incentive programs. Recommended conservation practices are selected based on management intentions as well as the contribution of those practices to the overall net returns. However, conservation motives are heterogeneous and based on individual risk behavior. Existing cost-share programs might either under-fund or over-fund conservation, which could lead to inefficient management of natural resources. The current analysis evaluates the economic feasibility of variable cover crop strategies, multiple seeding rates, within a soybean production system in silt loam and clay soils. The study utilizes stochastic efficiency with respect to a function, referred to as SERF, for determining the preferred strategies under various risk preferences. The SERF method accounts for the heterogeneity of individual decision-making with regards to conservation adoption. Results indicate that most risk-averse farmers chose tillage radish with medium seeding rate as their preferred strategy. However, as the risk-bearing capacity of an individual increases, the current level of incentives does not motivate to implement conservation. The most preferred plan for risk-neutral farmers is the fallow system in both silt loam and clay soils. The economic and risk assessment framework can improve understanding of the temporal dynamics of different practices and inform policy on conservation structure that promotes agricultural systems that are economically, environmentally, and socially sustainable.

中文翻译：

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路易斯安那州替代覆盖作物系统的经济和随机效率分析

摘要土地所有者可以在激励计划的帮助下进行自愿保护。推荐的保护做法是根据管理意图以及这些做法对整体净回报的贡献来选择的。然而，保护动机是异质的，并且基于个人的风险行为。现有的成本分摊计划可能要么资金不足，要么资金过剩，这可能导致自然资源管理效率低下。目前的分析评估了在粉砂壤土和粘土的大豆生产系统中，可变覆盖作物策略、多种播种率的经济可行性。该研究利用称为 SERF 的函数的随机效率来确定各种风险偏好下的首选策略。SERF 方法解释了个人决策在保护采用方面的异质性。结果表明，大多数规避风险的农民选择以中等播种量耕作萝卜作为他们的首选策略。然而，随着个人风险承受能力的提高，目前的激励水平并不能激励实施保护。风险中性农民最喜欢的计划是在粉砂壤土和粘土中进行休耕系统。经济和风险评估框架可以提高对不同实践时间动态的理解，并为促进经济、环境和社会可持续农业系统的保护结构政策提供信息。结果表明，大多数规避风险的农民选择以中等播种量耕作萝卜作为他们的首选策略。然而，随着个人风险承受能力的提高，目前的激励水平并不能激励实施保护。风险中性农民最喜欢的计划是在粉砂壤土和粘土中进行休耕系统。经济和风险评估框架可以提高对不同实践时间动态的理解，并为促进经济、环境和社会可持续农业系统的保护结构政策提供信息。结果表明，大多数规避风险的农民选择以中等播种量耕作萝卜作为他们的首选策略。然而，随着个人风险承受能力的提高，目前的激励水平并不能激励实施保护。风险中性农民最喜欢的计划是在粉砂壤土和粘土中进行休耕系统。经济和风险评估框架可以提高对不同实践时间动态的理解，并为促进经济、环境和社会可持续农业系统的保护结构政策提供信息。风险中性农民最喜欢的计划是在粉砂壤土和粘土中进行休耕系统。经济和风险评估框架可以提高对不同实践时间动态的理解，并为促进经济、环境和社会可持续农业系统的保护结构政策提供信息。风险中性农民最喜欢的计划是在粉砂壤土和粘土中进行休耕系统。经济和风险评估框架可以提高对不同实践时间动态的理解，并为促进经济、环境和社会可持续农业系统的保护结构政策提供信息。