Retiring Land to Save Water: Participation in Colorado’s Republican River Conservation Reserve Enhancement Program

Randall G. Monger, Jordan Suter, Dale Manning and Joel P. Schneekloth

Land Economics, 2018, vol. 94, issue 1, 36-51

Abstract: Agricultural land retirement is increasingly used to manage water resources. This study uses well-level enrollment data to explore the factors that influence landowner participation in the Colorado Republican River Conservation Reserve Enhancement Program. An empirical model of enrollment is informed by a theoretical model of participation that incorporates aquifer and soil characteristics in addition to financial incentives. Our results reveal that enrollment is predicted to increase by 0.087 percentage points with a $10 increase in the incentives offered. The probability of enrollment is also influenced by the aquifer’s saturated thickness and the soil characteristics that impact land productivity.

JEL-codes: Q25 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.3368/le.94.1.36
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:94:y:2018:i:1:p:36-51

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