Economic, Environmental, and Fiscal Impacts of a Targeted Renewal of Conservation Reserve Program Contracts, The
Bruce Babcock (),
P. Lakshminarayan and
Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University
CRP (Conservation Reserve Program) renewal may depend on improved targeting of payments to maintain a significant portion of existing environmental and farm benefits at a reduced program cost. The authors consider three alternative renewal criteria: renewal of least expensive land first, renewal of most environmentally sensitive land first, and renewal of land according to the cost per unit of environmental benefit offered.
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