Laboratory of Agricultural and Farm Management, Department of Agricultural and Resource Economics, Faculty of Agriculture, Kyushu University
九州大学大学院農学研究院農業資源経済学部門
double–bounded dichotomous choice contingent valuation model (DBDC CVM)
Mekong River Delta
organic fertilizer
willingness to pay (WTP)
注記
The study determined the economic value of the proposed liquid organic fertilizer (LOF) project in the Vietnamese Mekong Delta through the estimation of farmers’ willingness to pay using the approach of the double–bounded dichotomous choice contingent valuation model (DBDC CVM). The results showed that the majority of farmers supported and agreed to buy LOF with a willingness to pay or a price of around 169,000 VND ($7.44) per ton. Farmers who used to apply organic fertilizers before or consider the use of biomass fertilizer as safe are more likely to pay for the proposed LOF.