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Property Tax Distortions and Participation in Federal Easement Programs: An Exploratory Analysis of the Wetlands Reserve Program

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  • Poe, Gregory L.

Abstract

Higher propety taxes and uncertainty about post-easement tax levels may create a disincentive for landowners to participate in federal easement programs such as the Wetlands Reserve Program, and thus may distort participation levels in a manner inconsistent with the environmental benefits associated with individual parcels. Support for this hypothesis is provided in an exploratory analysis of state level participation in the Wetlands Reserve Program. If such distortions prove to be policy relevant, then either they should be accounted for in the bid acceptance process of future federal easement programs, or individual states and localities should correct property tax differentials and post-easement tax uncertainty.

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  • Poe, Gregory L., 1998. "Property Tax Distortions and Participation in Federal Easement Programs: An Exploratory Analysis of the Wetlands Reserve Program," Agricultural and Resource Economics Review, Cambridge University Press, vol. 27(1), pages 117-124, April.
    • Handle: RePEc:cup:agrerw:v:27:y:1998:i:01:p:117-124_00
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    1. Lynch, Sarah & Smith, Katherine R., 1994. "Lean, Mean and Green ... Designing Farm Support Programs in a New Era," Policy Studies Program Reports, Henry A. Wallace Institute for Alternative Agriculture, number 134108, January.
    2. Poe, Gregory L., 1997. "Extra-Market Values and Conflicting Agriculture Environmental Policies," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 12(3), pages 1-5.
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    5. Marc O. Ribaudo & C. Tim Osborn & Kazim Konyar, 1994. "Land Retirement as a Tool for Reducing Agricultural Nonpoint Source Pollution," Land Economics, University of Wisconsin Press, vol. 70(1), pages 77-87.
    6. Wiebe, Keith D. & Heimlich, Ralph E., 1995. "The Evolution of Federal Wetlands Policy," Choices, Agricultural and Applied Economics Association, vol. 10(1).
    7. Ralph E. Heimlich, 1994. "Costs of an Agricultural Wetland Reserve," Land Economics, University of Wisconsin Press, vol. 70(2), pages 234-246.
    8. Runge, C. Ford, 1994. "Designing Green Support: Incentive Compatibility And The Commodity Programs," Working Papers 14462, University of Minnesota, Center for International Food and Agricultural Policy.
    9. Lynch, Sarah, 1994. "Designing Green Support Programs," Policy Studies Program Reports, Henry A. Wallace Institute for Alternative Agriculture, number 134111, January.
    10. Wiebe, Keith D. & Heimlich, Ralph E., 1995. "The Evolution of Federal Wetlands Policy," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 10(01), pages 1-6.
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    2. Peterson, Jeffrey M. & Boisvert, Richard N., 2001. "Control of Nonpoint Source Pollution Through Voluntary Incentive-Based Policies: An Application to Nitrate Contamination in New York," Agricultural and Resource Economics Review, Cambridge University Press, vol. 30(2), pages 127-138, October.
    3. Lubowski, Ruben N. & Plantinga, Andrew J. & Stavins, Robert N., 2003. "Determinants of Land-Use Change In the United States 1982-1997," Discussion Papers 10714, Resources for the Future.
    4. Ando, Amy W. & Getzner, Michael, 2006. "The roles of ownership, ecology, and economics in public wetland-conservation decisions," Ecological Economics, Elsevier, vol. 58(2), pages 287-303, June.
    5. Jordan F. Suter & Gregory L. Poe & Nelson L. Bills, 2008. "Do Landowners Respond to Land Retirement Incentives? Evidence from the Conservation Reserve Enhancement Program," Land Economics, University of Wisconsin Press, vol. 84(1), pages 17-30.

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