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

Producción científica: Article › revisión exhaustiva

Resumen

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.

Idioma original	English
Número de artículo	5210
Publicación	Sustainability (Switzerland)
Volumen	11
N.º	19
DOI	https://doi.org/10.3390/su11195210
Estado	Published - oct 1 2019

Nota bibliográfica

Publisher Copyright:
© 2019 by the authors.

ODS de las Naciones Unidas

Este resultado contribuye a los siguientes Objetivos de Desarrollo Sostenible

Affordable and clean energy

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

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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.",

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AU - Waters, Stephanie

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.

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KW - Equine industry

KW - Horse farm preservation

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ER -

Central kentuckians'willingness to pay for horse farm preservation

Resumen

Nota bibliográfica

ODS de las Naciones Unidas

ASJC Scopus subject areas

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