IDEAS home Printed from https://ideas.repec.org/a/cup/agrerw/v23y1994i01p94-99_00.html
   My bibliography  Save this article

Estimating the Impact of Conservation Reserve Program Contract Expiration on Corn and Wheat Prices

Author

Listed:
  • Garrison, Carl O.
  • Dicks, Michael R.
  • Adam, Brian D.

Abstract

The Conservation Reserve Program reduced available cropland in the United States by 34 million acres under the first nine signup periods (1986–1990). Among these are ten million acres with wheat base and four million acres with corn base, which could potentially produce 288 million bushels of wheat and 340 million bushels of corn per year upon contract expiration. The impacts of expiring CRP contacts on the production and prices of wheat and corn in the United States are estimated. Based on past production practices and post-CRP land-use intentions of contract holders, 48.2% of base acres enrolled in CRP will return to production. Under this scenario, wheat prices will decline by more than 7% and corn prices by more than 2% by 2000, unless ARP levels, normal flex acres percent, or target prices are changed.

Suggested Citation

  • Garrison, Carl O. & Dicks, Michael R. & Adam, Brian D., 1994. "Estimating the Impact of Conservation Reserve Program Contract Expiration on Corn and Wheat Prices," Agricultural and Resource Economics Review, Cambridge University Press, vol. 23(1), pages 94-99, April.
    • Handle: RePEc:cup:agrerw:v:23:y:1994:i:01:p:94-99_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1068280500000459/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:agrerw:v:23:y:1994:i:01:p:94-99_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/age .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.