Data on Farmland Discussed by Researchers at Huazhong Agricultural University (Farmers’ Heterogeneous Willingness to Pay for Farmland Non-Market Goods and Services on the Basis of a Mixed Logit Model-A Case Study of Wuhan, China) - Insurance News | InsuranceNewsNet

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February 27, 2020 Newswires
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Data on Farmland Discussed by Researchers at Huazhong Agricultural University (Farmers’ Heterogeneous Willingness to Pay for Farmland Non-Market Goods and Services on the Basis of a Mixed Logit Model-A Case Study of Wuhan, China)

Daily China News

2020 FEB 27 (NewsRx) -- By a News Reporter-Staff News Editor at Daily China News -- Current study results on Agriculture - Farmland have been published. According to news originating from Wuhan, People’s Republic of China, by NewsRx correspondents, research stated, “The exploration of different stakeholders’ heterogeneous willingness to pay for farmland ecological value is a fundamental part of understanding the total value of farmland protection and designing a scientific farmland protection policy. Unlike the homogenous assumption used in the previous studies, the mixed logit model of choice experiment method was applied to estimate respondents’ heterogeneous willingness to pay for farmland non-market value (represented by farmland area, farmland fertility, water quality, air quality, species richness, and recreational value) in this study.”

Our news journalists obtained a quote from the research from Huazhong Agricultural University, “Data came from a sample of 289 farmers in Wuhan, China who were face-to-face interviewed. (1) Farmers were unsatisfied with the status quo of the present farmland ecological environment and were willing to pay to preserve all the attributes of farmland non-market value. (2) Farmers had a heterogeneous preference for the status quo and recreational value-the error variances of these two attributes were both significant at the 1% level, and their willingness to pay for the farmland non-market value in Wuhan was 1141.88 Yuan/hm. (3) Farmers’ cognition degree of farmland importance and whether respondents bought medical insurance or not had significant impacts on their willingness to pay.”

According to the news editors, the research concluded: “The results can provide the basic foundation for accurate valuation of farmland non-market services, help farmland regulators make the right farmland conversion decisions, and improve the resource allocation efficiency of local financial expenditure during farmland protection in Wuhan.”

For more information on this research see: Farmers’ Heterogeneous Willingness to Pay for Farmland Non-Market Goods and Services on the Basis of a Mixed Logit Model-A Case Study of Wuhan, China. International Journal of Environmental Research and Public Health, 2019;16(20):3876.

The news correspondents report that additional information may be obtained from X. Yang, College of Land Management, Huazhong Agricultural University, Wuhan 430070, People’s Republic of China. Additional authors for this research include A. Zhang and F. Zhang.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.3390/ijerph16203876. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

(Our reports deliver fact-based news of research and discoveries from around the world.)

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