Land Retirement Program Design in the Presence of Crop Insurance Subsidies

David A. Hennessy

No 52236, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

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: Environmental Economics and Policy; Land Economics/Use; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 22
Date: 2009-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:52236

DOI: 10.22004/ag.econ.52236

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