THE CRP BALANCING ACT: TRADING OFF COSTS AND MULTIPLE ENVIRONMENTAL BENEFITS

Andrea Cattaneo, Shawn Bucholtz, Joe Dewbre and Cynthia J. Nickerson

No 19810, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The Environmental Benefits Index (EBI) ranks Conservation Reserve Program (CRP) offers by weighing program costs for enrolling land in CRP against six environmental objectives. This paper uses Monte Carlo simulations to analyze the sensitivity of CRP enrollment outcome to the specification of the EBI. Results indicate that:(a)there is no major shift in average benefits throughout the U.S. when marginal changes in the weights occur, and (b) priority area weights, whether National or State, play a role in shifting CRP away from its traditional focus on highly erodible land, and (c) there is complementarity between the enduring benefits and the wildlife objectives and substitutability between the enduring benefits and the erosion reduction objectives;

Keywords: Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 32
Date: 2002
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19810

DOI: 10.22004/ag.econ.19810

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