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The Role Of Carbon Credits On Farmers’ Adoption Of Climate-Smart Practices In South Dakota, Stephen Cheye
The Role Of Carbon Credits On Farmers’ Adoption Of Climate-Smart Practices In South Dakota, Stephen Cheye
Electronic Theses and Dissertations
Net-zero pledges and carbon credit systems have gained momentum due to the growing urgency to address climate change and limit global warming to below 2°C above preindustrial levels. Agricultural carbon credits can be a potentially win-win mechanism by providing extra income for farmers while helping to reduce greenhouse gas emissions. Nevertheless, there is a paucity of understanding about farmers’ willingness to accept carbon credit incentives and adopt climate-smart practices that sequester carbon. To address this, we analyzed 309 responses from a South Dakota producer survey conducted in 2021. We estimated probit and interval regression models to ascertain the level of …
Farmers’ Preference And Willingness To Accept Carbon Payment Programs: Evidence From South Dakota, Pramisha Thapaliya
Farmers’ Preference And Willingness To Accept Carbon Payment Programs: Evidence From South Dakota, Pramisha Thapaliya
Electronic Theses and Dissertations
Reducing greenhouse gas (GHG) emissions is crucial to mitigate the impacts of climate change. Agricultural soil carbon sequestration holds great potential in reducing GHG emissions. No-till, conservation till and cover crops are some of the widely recognized carbon-sequestering agricultural conservation practices. However, farmers need to adopt these carbon-sequestering practices to realize the potential of agricultural soil carbon sequestration. Carbon payment or market programs are voluntary mechanisms that could incentivize farmers’ adoption of conservation practices that sequester carbon. However, there is limited knowledge of farmers’ preferences and willingness to accept (WTA) carbon payments for enrollment in such programs. This study investigates …