The Conservation Reserve Program, Land Values, and Asymmetric Information

Robbin Shoemaker

No 270152, 1988 Annual Meeting, August 1-3, Knoxville, Tennessee from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Asymmetric information and learning contribute a significant impact on the value of enrolled land. In some regions values may have increased as much as $130 per acre with nationwide averages of $65 per acre. For the average value of all U.S. farmland the program may have offset an 8.5% decline in land values for 1986-87 by 0.5 percentage resulting in a measured decline of 8% for the year.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; Land Economics/Use (search for similar items in EconPapers)
Pages: 16
Date: 1988-08-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea88:270152

DOI: 10.22004/ag.econ.270152

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