The adoption of switchgrass and miscanthus by farmers: Impact of liquidity constraints and risk preferences
The adoption of switchgrass and miscanthus by farmers: Impact of liquidity constraints and risk preferences
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DOI：
10.1016/j.enpol.2010.01.005
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发表时间：
2010-05-01
期刊：
影响因子：
9
通讯作者：
Jacquet, F.
中科院分区：
文献类型：
--
作者：
Bocqueho, G.;Jacquet, F.
木质纤维生物质有望成为可再生能源生产的主要原料。然而，潜在的供应在很大程度上取决于农民种植新的多年生能源作物的意愿。许多经济评估都是在农场一级进行的，都是基于标准净现值方法。本文考察了农户的流动性约束和风险偏好对农户采用柳枝藤和芒草的影响。我们在静态框架下，利用四个跨期选择模型研究了传统种植制度和创新种植制度之间的土地分配问题。我们发现，在法国中部的农艺和经济条件下，柳枝草和芒果的年化净利润率低于通常的油菜/小麦/大麦轮作。然而，当向农民提供适当的合同时，它们作为多样化作物可能具有很强的竞争力，尽管它们需要额外的流动性。(C)2010爱思唯尔有限公司。保留所有权利。
Lignocellulosic biomass is expected to become a key feedstock for renewable energy production. However, the potential supply strongly depends on farmers' willingness to grow the new perennial energy crops. Many economic assessments have been led at the farm level, all based on the standard net present value approach. This paper looks into the effect of farmers' liquidity constraints and risk preferences on switchgrass and miscanthus adoption by farmers. We study the problem of the land allocation between a traditional cropping system and an innovative one in a static framework, using four intertemporal choice models. We find that, in central France agronomic and economic conditions, switchgrass and miscanthus result to be less profitable in terms of annualised net margin than the usual rape/wheat/barley rotation. Nevertheless, they can be highly competitive as diversification crops when appropriate contracts are offered to farmers, despite the additional liquidity they require. (C) 2010 Elsevier Ltd. All rights reserved.