Cost/Benefit Analysis of the Conservation Reserve Program

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.


Issue Date:
Jul 30 1989
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/270475
Language:
English
Total Pages:
13




 Record created 2018-04-02, last modified 2020-10-28

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