Central kentuckians'willingness to pay for horse farm preservation

Su Zanne Troske; Stephanie Waters; James Allen; Alison Davis; C. Jill Stowe

doi:10.3390/su11195210

Central kentuckians'willingness to pay for horse farm preservation

Su Zanne Troske, Stephanie Waters, James Allen, Alison Davis, C. Jill Stowe

Research output: Contribution to journal › Article › peer-review

Abstract

This study estimates the non-market value of horse farms of Central Kentucky's equine economic cluster using a contingent valuation approach. Utilizing a payment card, respondents are asked to indicate how much they would be willing to pay in additional taxes for a hypothetical "horse farm preservation program." Results from the study showed that, on average, a Central Kentucky household was willing to pay an additional $55.14-$67.78 in taxes annually to maintain the equine industry at its current levels. The additional taxes generated would compensate for lost tax revenue from development of the land.

Original language	English
Article number	5210
Journal	Sustainability (Switzerland)
Volume	11
Issue number	19
DOIs	https://doi.org/10.3390/su11195210
State	Published - Oct 1 2019

Bibliographical note

Publisher Copyright:
© 2019 by the authors.

Keywords

Contingent valuation
Equine industry
Horse farm preservation

ASJC Scopus subject areas

Geography, Planning and Development
Renewable Energy, Sustainability and the Environment
Environmental Science (miscellaneous)
Energy Engineering and Power Technology
Management, Monitoring, Policy and Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.3390/su11195210

Cite this

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AU - Allen, James

AU - Davis, Alison

AU - Jill Stowe, C.

PY - 2019/10/1

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N2 - This study estimates the non-market value of horse farms of Central Kentucky's equine economic cluster using a contingent valuation approach. Utilizing a payment card, respondents are asked to indicate how much they would be willing to pay in additional taxes for a hypothetical "horse farm preservation program." Results from the study showed that, on average, a Central Kentucky household was willing to pay an additional $55.14-$67.78 in taxes annually to maintain the equine industry at its current levels. The additional taxes generated would compensate for lost tax revenue from development of the land.

AB - This study estimates the non-market value of horse farms of Central Kentucky's equine economic cluster using a contingent valuation approach. Utilizing a payment card, respondents are asked to indicate how much they would be willing to pay in additional taxes for a hypothetical "horse farm preservation program." Results from the study showed that, on average, a Central Kentucky household was willing to pay an additional $55.14-$67.78 in taxes annually to maintain the equine industry at its current levels. The additional taxes generated would compensate for lost tax revenue from development of the land.

KW - Contingent valuation

KW - Equine industry

KW - Horse farm preservation

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Central kentuckians'willingness to pay for horse farm preservation

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

UN SDGs

Access to Document

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