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Modified Contingent Valuation Method for Agricultural Wastes between the Areas of Peloponnese and Thessaly in Greece

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Document pages: 5 pages

Abstract: This paper focuses on investigating the tendency of farmers in the greater area of Peloponnese as well as those on the greater area of Thessaly to participate in a program of environmental agricultural waste management. The aim of the present study is to investigate the level of amount WTA (Willingness to Accept) against which the farmers would be willing to allow anyone to gather and carry away the leftovers of their farming exploitation. To serve the above goals, the agricultural leftovers are evaluated by the CVM (Contingent Valuation Method) as an environmental non-market economic commodity. The specimen response on utilization of the rejected biomass was satisfactory, since a good percentage of the interviewees are willing to contribute to this procedure for a minimal of remuneration, although investigations of this type are novel for Greek reality. From this investigation, it is perceived by the society the importance of alternative utilization of the rejected biomass. It is concluded that the minimum amount each interviewee is willing to accept as minimal remuneration and is affected by the way these biomass leftovers are managed, the age of the interviewees and the area in which they live. Those interviewees who use such biomass leftovers in alternative applications wish to be remunerated higher compared to those who relinquish such leftovers. The ordinal logistic model is listed in a broader category of generalized linear models for arrangement data.

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