An Accounting Tradeoff Between WRP and Government Payments
The Wetlands Reserve Program (WRP) can provide farmers financial compensation in exchange for retiring marginal lands from standard agricultural practices. Often overlooked in the analysis is the cost to the government to implement these programs. This paper examines two issues: first do farmers benefit from WRP enrollment and second does the government say money with WRP enrollment. With WRP the government no longer has to pay yearly direct, counter-cyclical, LDP, or crop insurance payments. Results from three Mississippi counties show that for certain crops that have historically paid a lot in government payments, WRP can be cheaper for the government. For farmers, the decision likely depends upon other revenue sources that can take the place of lost crop production.
|Date of creation:||2008|
|Contact details of provider:|| Web page: http://www.saea.org/|
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ags:saeaed:6764. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.