Getting the Most for Federal Dollars: Landowner Responsiveness to Conservation Incentives
AbstractPrevious research on landowner willingness to retire land into the Conservation Reserve Program (CRP) is based on cross-sectional data prior to 2002. Using enrollment data on a CRP subprogram from 1998 to 2010 we find that incentives matter more for pasture than cropland, and we find that counties producing cattle respond more strongly to current incentives. We also see an idiosyncratic lack of participation in Washington State. Finally, contrary to one recent study, we see that the discounted stream of payments matters to producers as much as up-front incentives. In counties producing few cattle, up-front incentives have virtually no effect.
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Bibliographic InfoPaper provided by Towson University, Department of Economics in its series Working Papers with number 2012-05.
Length: 18 pages
Date of creation: Nov 2012
Date of revision: Nov 2012
Conservation Reserve Program; Conservation Reserve Enhancement Program; agricultural economics; landowner incentives; subsidy response; agricultural policy.;
Find related papers by JEL classification:
- H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
- Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
- Q24 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Land
- Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
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