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Factors Determining Best Management Practice Adoption Incentives and the Impact of Green Insurance

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Risk Management and the Environment: Agriculture in Perspective

Abstract

Purchased crop inputs such as fertilizer and pesticides contribute to widespread non-point source pollution problems for surface and ground water. This pollution can generally be reduced or even eliminated by reducing input use through improved efficiency and by using non-polluting or less polluting substitutes such as information and insurance. Best management practices (BMPs) relying on increased information and improved timing already exist, for example split nitrogen applications, soil nutrient testing, precision agriculture, and integrated pest management. Analyses often show that these and similar BMPs generate savings by reduced input use that more than cover BMP costs, yet producers do not readily adopt such practices.

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© 2003 Springer Science+Business Media Dordrecht

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Mitchell, P.D., Hennessy, D.A. (2003). Factors Determining Best Management Practice Adoption Incentives and the Impact of Green Insurance. In: Babcock, B.A., Fraser, R.W., Lekakis, J.N. (eds) Risk Management and the Environment: Agriculture in Perspective. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-2915-4_4

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  • DOI: https://doi.org/10.1007/978-94-017-2915-4_4

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-90-481-6158-4

  • Online ISBN: 978-94-017-2915-4

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