Economic, Environmental, and Fiscal Impacts of a Targeted Renewal of Conservation Reserve Program Contracts, The
Bruce A. Babcock, P. G. Lakshminarayan, JunJie Wu
February 1995 [95-WP 129]
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.
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