This paper examines producers’ motives underlying the adoption of sustainable practices. In particular, we focus on expected economic, social, and personal rewards, and examine the role of producers’ risk perception and risk tolerance. Results from personal computer-guided interviews with164 hog producers show that the adoption of sustainable practices is affected by expected economic rewards but not by social and personal rewards. Further, while perceived risk is a barrier to the adoption of sustainable practices, risk tolerance is a positive moderator of the relationship between economic rewards and adoption. In addition, higher income and tax benefits have a significant a positive relationship with adoption. Other characteristics of the firm and the owner, such as leverage and education, do not seem to play a role.
|Title of host publication||Proceedings of the Agricultural & Applied Economics Association’s 2014, Annual Meeting, 27-7-2014-29-7-2014|
|Publication status||Published - 2014|
|Event||AAEA Annual Meeting, Minneapolis, MN, USA - |
Duration: 27 Jul 2014 → 29 Jul 2014
|Conference||AAEA Annual Meeting, Minneapolis, MN, USA|
|Period||27/07/14 → 29/07/14|