The objective of this research is to determine the effect of producer risk preferences on the willingness to adopt cover crops and no-till, given cost-sharing incentives, operator attributes, and farm management characteristics. The analysis extends previous research by showing how producer risk preferences affect the adoption of best management practices (BMPs). Risk aversion was quantified using a risk preference elicitation method that was included in a lottery choice experiment. A survey was conducted with Tennessee row crop producers. Probit regressions were used to determine how risk preferences, cost-share incentives, and respondent characteristics were associated with the adoption of these BMPs. An increase in the cost-share payment for cover crops was associated with an increase in the likelihood of its adoption, but adoption of no-till practices was unaffected by the offered incentive. Cover crop adoption was uncorrelated with risk preferences, but as producer risk aversion increased, the likelihood of adopting no-till diminished. The results could be useful in revising BMP cost-share programs to increase adoption while considering risk preferences. Also, this study will contribute to the academic literature by better guiding future studies in the measurement and assessment of risk and its role in BMP adoption.

中文翻译：

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风险，成本分摊付款以及采用遮盖作物和免耕技术

这项研究的目的是在给定分摊成本的诱因，操作员属性和农场管理特征的情况下，确定生产者风险偏好对采用遮盖作物和免耕方式的意愿的影响。该分析通过显示生产者风险偏好如何影响最佳管理实践（BMP）的使用，扩展了先前的研究。使用彩票选择实验中包括的风险偏好启发方法对风险规避进行了量化。与田纳西州中部农作物生产者进行了调查。概率回归用于确定风险偏好，成本分担激励措施和受访者特征与采用这些BMP的关系。遮盖作物的费用分摊付款的增加与采用这种作物的可能性增加有关，但是采用免耕做法不受所提供激励措施的影响。覆盖作物的采用与风险偏好无关，但是随着生产者规避风险的增加，采用免耕方式的可能性降低了。该结果可能有助于修订BMP成本分摊计划，以在考虑风险偏好的同时增加采用率。此外，本研究将通过更好地指导未来的研究来评估和评估风险及其在采用BMP中的作用，从而为学术文献做出贡献。