How cost-effective are land retirement auctions? Estimating the difference between payments and willingness to accept in the conservation reserve program

被引:99
作者
Kirwan, Barrett [1 ]
Lubowski, Ruben N. [2 ]
Roberts, Michael J. [2 ]
机构
[1] Univ Maryland, Dept Agr & Resource Econ, College Pk, MD 20742 USA
[2] USDA, Econ Res Serv, Tucson, AZ 85719 USA
关键词
D O I
10.1111/j.1467-8276.2005.00813.x
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
The Conservation Reserve Program (CRP) as established by the Food Security Act of 1985 offers annual rental payments to farm operators who voluntarily retire environmentally sensitive cropland under ten- to fifteen-year contracts. According to researchers, the environmental benefits exceed the program's costs. The premiums received by CRP participants above their reservation rents are estimated. Data show that estimated premiums have generally increased over time and constitute 10-40% of the program's rental pay-outs. To address this situation effectively, alternative payment mechanisms should be sought.
引用
收藏
页码:1239 / 1247
页数:9
相关论文
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[3]  
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