Cost/Benefit Analysis of the Conservation Reserve Program

Chester Young and C. Tim Osborn

No 270475, 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The economic consequences of retiring 45 million CRP acres were compared to a baseline situation. Net economic benefits of the CRP were estimated to range from $3.4 - $11.0 billion as farm income increases, consumer costs increase, and environmental quality improves. If the baseline conditions had assumed greater commodity acreage reduction levels, the net economic benefits would be different.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 13
Date: 1989-07-30
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea89:270475

DOI: 10.22004/ag.econ.270475

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