Land Retirement Program Design in the Presence of Crop Insurance Subsidies

David Hennessy

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: The U.S. federal government implements environmental, biofuels and crop insurance programs that influence land use. They are not well integrated in that cost savings from crop insurance subsidies are not acknowledged when screening land for retirement or when calculating the cost of land retirement programs. We identify and evaluate an optimal benefit index for enrollment in a land retirement program that includes a sub-index to rank land according to insurance subsidy savings. All else equal, land ranked higher in the Lorenz stochastic order should be retired first.

Keywords: agro-environmental policy; budget; Conservation Reserve Program; crop failure; Environmental Benefit Index; Lorenz order. (search for similar items in EconPapers)
JEL-codes: Q18 Q28 (search for similar items in EconPapers)
Date: 2009-07
New Economics Papers: this item is included in nep-agr, nep-env and nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:09-wp495

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