Economic Evaluation of a Federal Natural Resources Program

Paul V. Ellefson and Christopher D. Risbrudt
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Paul V. Ellefson: University of Minnesota, St. Paul
Christopher D. Risbrudt: U.S. Department of Agriculture, Forest Service, Washington, D.C.

Evaluation Review, 1987, vol. 11, issue 5, 660-669

Abstract: A major federal natural resources program, the Forestry Incentives Program, was evaluated. The program 's internal rate of return ranged from 8.3% to 10. 9%, depending on which costs are included. The retention of forest practices established 8 years prior was excellent. Evaluation challenges include dispersion of program benefits throughout the rural United States, evaluating benefits accruing many years in the juture (75- 100 years), and multiple-agency involvement in program administration.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:sae:evarev:v:11:y:1987:i:5:p:660-669

DOI: 10.1177/0193841X8701100505

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