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  Published Paper Details:

  Paper Title

Consumer Willingness to Pay for Regenerative Agriculture Practices: An Empirical Study in Dakshina Kannada

  Authors

  Raghavendra,  Thara Shetty,  Ashwitha V Shetty

  Keywords

Regenerative agriculture, Consumer willingness to pay, Environmental sustainability, Dakshina Kannada District

  Abstract


As consumer consciousness soars and concerns about environmental degradation deepen, regenerative agriculture emerges as a beacon of hope. This study investigates the potential of this transformative approach in Dakshina Kannada District, India, focusing on consumer willingness to pay (WTP) and market impacts. We aimed to assess consumer interest in regenerative products, identify potential drivers of WTP beyond general environmental concerns, and evaluate the economic feasibility for farmers in the region. We employed a quantitative survey of 100 Dakshina Kannada District residents, encompassing questions on product preferences, WTP for regeneratively produced food, and underlying motivations. Statistical analysis, including regressions, explored the determinants of WTP and its variation across demographics and product categories. A remarkable 87% of respondents indicated WTP more for regeneratively grown products, particularly coffee, fruits, and vegetables. However, general environmental concerns lacked explanatory power in predicting WTP. Our analysis suggests alternative drivers, such as trust in producers, specific environmental benefits, and product certifications, warrant further investigation. Farmers face a promising market for regeneratively produced goods. Focusing on high-demand crops, highlighting specific environmental advantages, and building trust with consumers can unlock premium pricing and economic gains. Policymakers must tailor interventions and policies to address the unique motivations of Dakshina Kannada consumers, including supporting infrastructure development, raising awareness, and establishing robust certification standards.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2401147

  Paper ID - 248975

  Page Number(s) - b119-b131

  Pubished in - Volume 12 | Issue 1 | January 2024

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Raghavendra,  Thara Shetty,  Ashwitha V Shetty,   "Consumer Willingness to Pay for Regenerative Agriculture Practices: An Empirical Study in Dakshina Kannada", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.12, Issue 1, pp.b119-b131, January 2024, Available at :http://www.ijcrt.org/papers/IJCRT2401147.pdf

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ISSN: 2320-2882
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Journal Starting Year (ESTD) : 2013
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ISSN and 7.97 Impact Factor Details


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ISSN
ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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