Enduring Impacts of Land Retirement Policies: Evidence from the Conservation Reserve Program
We examine the persistence of cropland retirements induced by the Conservation Reserve Program (CRP), the largest U.S. conservation program. We analyze micro data on observed land-use choices following CRP contract expiration over 1995–1997 and predict that 42% of CRP acres would not have been returned to crops within a year if the program had expired in 1997. These results indicate that temporary cropland retirement payments under CRP generate land-use changes that often extend beyond contract periods. The analysis suggests that targeted signing bonuses for first-time enrollees would increase the longer-term impacts of CRP and perhaps other incentive-based land-use programs.
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- Johnson, Phillip N. & Misra, Sukant K. & Ervin, R. Terry, 1997. "A Qualitative Choice Analysis of Factors Influencing Post-CRP Land Use Decisions," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 29(01), pages 163-173, July.
- Plantinga, Andrew J. & Ahn, Soeun, 2002. "Efficient Policies For Environmental Protection: An Econometric Analysis Of Incentives For Land Conversion And Retention," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(01), July.
- Erik Lichtenberg, 1989. "Land Quality, Irrigation Development, and Cropping Patterns in the Northern High Plains," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(1), pages 187-194.
- Robbin Shoemaker, 1989. "Agricultural Land Values and Rents under the Conservation Reserve Program," Land Economics, University of Wisconsin Press, vol. 65(2), pages 131-137.
- Charles M. Tiebout, 1956. "A Pure Theory of Local Expenditures," Journal of Political Economy, University of Chicago Press, vol. 64, pages 416.
- 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.
- Avinash K. Dixit & Robert S. Pindyck, 1994. "Investment under Uncertainty," Economics Books, Princeton University Press, edition 1, number 5474, 01-2013.
- Parks, Peter J. & Schorr, James P., 1997. "Sustaining Open Space Benefits in the Northeast: An Evaluation of the Conservation Reserve Program," Journal of Environmental Economics and Management, Elsevier, vol. 32(1), pages 85-94, January.
- Johnson, Phillip N. & Misra, Sukant K. & Ervin, R. Terry, 1997. "A Qualitative Choice Analysis Of Factors Influencing Post-Crp Land Use Decisions," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(01), July.
- Joseph C. Cooper & C. Tim Osborn, 1998.
"The Effect of Rental Rates on the Extension of Conservation Reserve Program Contracts,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 80(1), pages 184-194.
- Cooper, Joseph C. & Osborn, Tim, 1998. "The effect of rental rates on the extension of Conservation Reserve Program contracts," MPRA Paper 24781, University Library of Munich, Germany.
- Stavins, Robert N & Jaffe, Adam B, 1990. "Unintended Impacts of Public Investments on Private Decisions: The Depletion of Forested Wetlands," American Economic Review, American Economic Association, vol. 80(3), pages 337-52, June.
- Parks P. J. & Kramer R. A., 1995. "A Policy Simulation of the Wetlands Reserve Program," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 223-240, March.
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