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Cost/Benefit Analysis of the Conservation Reserve Program

Author

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  • Young, C. Edwin
  • Osborn, C. Tim

Abstract

The economic consequences of retiring 45 million CRP acres were compared to a baseline situation. Net economic benefits of the CRP were estimated to range from $3.4 - $11.0 billion as farm income increases, consumer costs increase, and environmental quality improves. If the baseline conditions had assumed greater commodity acreage reduction levels, the net economic benefits would be different.

Suggested Citation

  • Young, C. Edwin & Osborn, C. Tim, 1989. "Cost/Benefit Analysis of the Conservation Reserve Program," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270475, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea89:270475
    DOI: 10.22004/ag.econ.270475
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