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

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1995-02-01
Authors
Babcock, Bruce
Lakshminarayan, P.
Wu, JunJie
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Center for Agricultural and Rural Development
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.

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