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Economic, Environmental, and Fiscal Impacts of a Targeted Renewal of Conservation Reserve Program Contracts, The

Author

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  • Bruce A. Babcock
  • P. G. Lakshminarayan
  • JunJie Wu

Abstract

CRP (Conservation Reserve Program) renewal may depend on improved targeting of payments to maintain a significant portion of existing environmental and farm benefits at a reduced program cost. The authors consider three alternative renewal criteria: renewal of least expensive land first, renewal of most environmentally sensitive land first, and renewal of land according to the cost per unit of environmental benefit offered.

Suggested Citation

  • Bruce A. Babcock & P. G. Lakshminarayan & JunJie Wu, 1995. "Economic, Environmental, and Fiscal Impacts of a Targeted Renewal of Conservation Reserve Program Contracts, The," Center for Agricultural and Rural Development (CARD) Publications 95-wp129, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    • Handle: RePEc:ias:cpaper:95-wp129
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    File URL: https://www.card.iastate.edu/products/publications/synopsis/?p=106
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    Cited by:

    1. P. G. Lakshminarayan & Bruce A. Babcock, 1996. "Temporal and Spatial Evaluation of Soil Conservation Policies," Center for Agricultural and Rural Development (CARD) Publications 96-wp149, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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