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The Economic Impact of CRP Acres in South Dakota Returning to Crop Production

Author

Listed:
  • Taylor, Gary

    ()

  • Janssen, Larry

    () (Department of Economics, South Dakota State University)

Abstract

In 2007 South Dakota had 729,397 acres of CRP contracts expire, which was nearly 47% of the 1.56 million acres enrolled in the program. During this period, there was no new farm bill or new CRP policy provisions. Just as enrolling these acres into the program had significant negative impacts on revenue generation in the farm and rural economy in South Dakota, putting these acres back into production will also have significant positive impacts on the economy of the state. The objective of this study is to estimate the economic impacts that could occur as some of these CRP acres are converted back to production for three different regions within the state. The effect of converting some of the CRP land to grazing is not examined in this analysis. Only the effects of converting CRP land to crop production is analyzed here.

Suggested Citation

  • Taylor, Gary & Janssen, Larry, 2008. "The Economic Impact of CRP Acres in South Dakota Returning to Crop Production," Staff Papers 080004, South Dakota State University, Department of Economics.
  • Handle: RePEc:sda:staffp:080004
    as

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    File URL: http://ageconsearch.umn.edu/bitstream/56763/2/StaffPaper2008-4--AgEcSearch.pdf
    File Function: Final version
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    References listed on IDEAS

    as
    1. Janssen, Larry & Klein, Nicole & Taylor, Gary & Opoku, Emmanuel & Holbeck, Michael, 2008. "Conservation Reserve Program in South Dakota: Major Findings from 2007 Survey of South Dakota CRP Respondents," Research Reports 200801, South Dakota State University, Department of Economics.
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    Cited by:

    1. Gruère, Guillaume & Narrod, Clare & Abbott, Linda, 2011. "Agricultural, food, and water nanotechnologies for the poor: Opportunities, constraints, and role of the Consultative Group on International Agricultural Research," IFPRI discussion papers 1064, International Food Policy Research Institute (IFPRI).

    More about this item

    Keywords

    farm legislation; CRP; conservation reserve program; land use; farm bill;

    JEL classification:

    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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