%0 Journal Article %A Neel Ocean %A Peter Howley %T Which Benefits Would Make Farmers Happier, and Which Would they Choose? %D 2022 %R 10.3368/le.99.3.112321-0139R %J Land Economics %P 112321-0139R %X We presented six novel farming vignettes to UK farmers that describe trade-offs between pecuniary and non-pecuniary benefits. What farmers would choose corresponds with what they think would make them happier, which supports the use of subjective well-being as a proxy for decision utility in agricultural research. Where a disparity between choice and well-being does exist, farmers seem willing to trade happiness for pecuniary benefits. Our results also suggest that farmers often trade pecuniary gains for non-pecuniary benefits. The utility derived from non-pecuniary benefits may help to explain farmer behaviours such as unsubsidised environmental improvements, and reluctance to adopt efficiency-enhancing technologies. %U https://le.uwpress.org/content/wple/early/2022/11/17/le.99.3.112321-0139R.full.pdf