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The effect of rental rates on the extension of Conservation Reserve Program contracts

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  • Cooper, Joseph C.
  • Osborn, Tim

Abstract

Given that the majority of conservation reserve program (CRP) contracts on approximately 36 million acres of enrolled land expire concurrently, re-enrollment decisions by farmers and the federal government have high budgetary implications. Using a survey of over 8,000 CRP contract holders, we apply an ordered response discrete choice model to explicitly model the range in rental rates over which the representative farmer may be ambivalent to renewing the CRP contract. Given the empirical results from the ordered response model, we estimate acreage re-enrollment as a function of the rental rate and compare them to results of a binomial choice model.

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File URL: http://mpra.ub.uni-muenchen.de/24781/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 24781.

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Date of creation: Feb 1998
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Publication status: Published in American Journal of Agricultural Economics 1.80(1998): pp. 184-194
Handle: RePEc:pra:mprapa:24781

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Keywords: CRP contracts; ordered probit; re-enrollment; respondent indifference;

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References

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  1. Trudy Ann Cameron, 1991. "Interval Estimates of Non-Market Resource Values from Referendum Contingent Valuation Surveys," Land Economics, University of Wisconsin Press, vol. 67(4), pages 413-421.
  2. Krinsky, Itzhak & Robb, A Leslie, 1986. "On Approximating the Statistical Properties of Elasticities," The Review of Economics and Statistics, MIT Press, vol. 68(4), pages 715-19, November.
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Citations

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Cited by:
  1. Suter, Jordan F. & Bills, Nelson L. & Poe, Gregory L., 2004. "The Importance Of Spatial Data In Modeling Actual Enrollment In The Conservation Reserve Enhancement Program (Crep)," 2004 Annual meeting, August 1-4, Denver, CO 20151, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Wu, JunJie & Tanaka, Katsuya, 2005. "Reducing Nitrogen Runoff from the Upper Mississippi River Basin to Control Hypoxia in the Gulf of Mexico: Easements or Taxes?," Marine Resource Economics, Marine Resources Foundation, vol. 20(2).
  3. Sylvie Démurger & Haiyuan Wan, 2012. "Payments for Ecological Restoration and Internal Migration in China : The Sloping Land Conversion Program in Ningxia," Working Papers halshs-00761163, HAL.
  4. Sarah Jacobson, 2010. "Temporal Spillovers in Land Conservation," Department of Economics Working Papers 2010-10, Department of Economics, Williams College, revised Apr 2012.
  5. Isik, Murat & Yang, Wanhong, 2004. "An Analysis of the Effects of Uncertainty and Irreversibility on Farmer Participation in the Conservation Reserve Program," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 29(02), August.
  6. Brady, Michael P. & Nickerson, Cynthia J., 2009. "A Spatial Analysis of Conservation Reserve Program Participants: The Impact of Absenteeism on Participation Decisions," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49369, Agricultural and Applied Economics Association.
  7. David Layton & Juha Siikamäki, 2009. "Payments for Ecosystem Services Programs: Predicting Landowner Enrollment and Opportunity Cost Using a Beta-Binomial Model," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 44(3), pages 415-439, November.
  8. Siikamäki, Juha & Layton, David F., 2006. "Potential Cost-Effectiveness of Incentive Payment Programs for Biological Conservation," Discussion Papers dp-06-27, Resources For the Future.
  9. Uchida, Emi & Xu, Jintao & Rozelle, Scott, 2003. ""Grain For Green" In China: Cost-Effectiveness And Sustainability Of A Conservation Set-Aside Program," 2003 Annual meeting, July 27-30, Montreal, Canada 22252, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  10. Kim, Seon-Ae & Gillespie, Jeffrey M. & Paudel, Krishna P., 2004. "The Effect Of Economic Factors On The Apoption Of Best Management Practices In Beef Cattle Production," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34670, Southern Agricultural Economics Association.
  11. Poe, Gregory L. & Bills, Nelson L. & Bellows, Barbara & Crosscombe, Patricia & Koelsch, Rick & Kreher, Michael & Wright, Peter, 1999. "Documenting the Status of Dairy Manure Management in New York: Current Practices and Willingness to Participate in Voluntary Programs," Staff Papers 121154, Cornell University, Department of Applied Economics and Management.
  12. Chen, Xiaoxuan & Ando, Amy Whritenour, 2006. "Optimal Contract Length for Voluntary Land Conservation Programs," 2006 Annual meeting, July 23-26, Long Beach, CA 21259, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  13. Langpap, Christian, 2006. "Conservation of endangered species: Can incentives work for private landowners?," Ecological Economics, Elsevier, vol. 57(4), pages 558-572, June.
  14. Sylvie Démurger & Haiyuan Wan, 2012. "Payments for ecological restoration and rural labor migration in China: The Sloping Land Conversion Program in Ningxia," Post-Print halshs-00763147, HAL.
  15. Jaroszewski, Laura & Poe, Gregory L. & Boisvert, Richard N., 2000. "Allocating Land To New York'S Conservation Reserve Enhancement Program To Maximize Net Environmental Benefits," 2000 Annual meeting, July 30-August 2, Tampa, FL 21882, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  16. Claassen, Roger & Hansen, LeRoy T. & Peters, Mark & Breneman, Vincent E. & Weinberg, Marca & Cattaneo, Andrea & Feather, Peter & Gadsby, Dwight M. & Hellerstein, Daniel & Hopkins, Jeffrey W. & Johnsto, 2001. "Agri-Environmental Policy at the Crossroads: Guideposts on a Changing Landscape," Agricultural Economics Reports 33983, United States Department of Agriculture, Economic Research Service.
  17. Langpap, Christian, 2003. "Conservation Of Endangered Species: Can Incentives Work For Private Landowners?," 2003 Annual meeting, July 27-30, Montreal, Canada 21972, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  18. Isik, Murat, 2005. "A Theoretical and Empirical Analysis of Conservation Reserve Program Participation under Uncertainty," 2005 Annual meeting, July 24-27, Providence, RI 19264, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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