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Agricultural and Resource Economics

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Theses and Dissertations--Agricultural Economics

Water Quality Trading

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Full-Text Articles in Social and Behavioral Sciences

Essays On Farmer Willingness To Participate In Best Management Practices In The Kentucky River Watershed, Hua Zhong Jan 2016

Essays On Farmer Willingness To Participate In Best Management Practices In The Kentucky River Watershed, Hua Zhong

Theses and Dissertations--Agricultural Economics

This dissertation explores the adoption of Best Management Practices (BMPs) in the Kentucky River watershed. Through a survey of farmers in the Kentucky River watershed, chapter two investigates farmers’ current BMP adoption and their willingness to engage in additional adoption incentivized through a proposed Water Quality Trading (WQT) program. This chapter includes two parts: the first part is to investigate the factors influencing farmers’ current usage of BMPs; the second part is to estimate farmers’ willingness to implement BMPs given different levels of compensation specified in the survey. Farmers’ experiences about BMPs are more likely to persuade them to adopt …


Water Quality Trading From The Point Source Perspective: Willingness To Pay For Abatement Credits And Preferences For Water Quality Trading Market Mechanism, Andrew Mclaughlin Jan 2015

Water Quality Trading From The Point Source Perspective: Willingness To Pay For Abatement Credits And Preferences For Water Quality Trading Market Mechanism, Andrew Mclaughlin

Theses and Dissertations--Agricultural Economics

As part of the EPA’s initiative to reduce the hypoxic zone in the Gulf of Mexico, a feasibility study for a potential water quality trading (WQT) program in the Kentucky River Watershed (KRW) was conducted. While theoretically, emission trading programs are among the most efficient means of reducing pollution, empirical evidence suggests low-trade volume as a primary concern for the long-term success of such programs. Some of the important reasons for the low volume of trade are due to lack of suitable market trading mechanism for point sources and lack of information on willingness to pay (WTP) for abatement credits. …