The US Conservation Reserve Program: The evolution of an enrollment mechanism

Daniel Hellerstein

Land Use Policy, 2017, vol. 63, issue C, 601-610

Abstract: The United States Department of Agriculture’s Conservation Reserve Program (CRP) has evolved from near open enrollment, to competitive enrollment, and now to a mixture of competitive and targeted enrollment. This paper reviews the history of the CRP and the evolution of its enrollment mechanism. I discuss the use of bid caps and the Environmental Benefits Index bid ranking mechanism in the “general” CRP; and the use of highly targeted, but non-competitive, “continuous” CRP. Possible challenges of these designs are discussed, and alternative auction mechanisms are considered that could be more cost effective.

Keywords: Conservation reserve program; Enrollment mechanism; CRP; Auctions; Bid caps; Environmental benefits index; General signup; Reference price auction; Quota price auction (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:lauspo:v:63:y:2017:i:c:p:601-610

DOI: 10.1016/j.landusepol.2015.07.017

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