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]
Suggested citation:
Babcock, B.A., P.G. Lakshminarayan, and J. Wu. 1995. "Economic, Environmental, and Fiscal Impacts of a Targeted Renewal of Conservation Reserve Program Contracts, The." Working paper 95-WP 129. Center for Agricultural and Rural Development, Iowa State University.
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.