The conservation reserve program and timber prices in the southern United States
Noel Perceval Assogba and
Forest Policy and Economics, 2022, vol. 140, issue C
In this paper we estimate the effect of the Conservation Reserve Program (CRP) on the prices of standing timber in U.S. South using a reduced form model. The results of the estimation based on time series data covering the period between 1960 and 2019 suggest that CRP had a negative effect on the prices of standing timber in the long run. This statistically significant negative effect is estimated at about 6.5%, which may partially explain why standing timber prices in the U.S. South have stayed low for more than a decade since the great financial crisis of 2008.
Keywords: Conservation reserve program; Timber price; Supply; Reduced form model; Long-run (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:forpol:v:140:y:2022:i:c:s1389934122000648
Access Statistics for this article
Forest Policy and Economics is currently edited by M. Krott
More articles in Forest Policy and Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().