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Conservation Policy and Land Value: The Conservation Reserve Program

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  • Lin, Haixia
  • Wu, JunJie

Abstract

This paper quantifies the effects of the Conservation Reserve Program (CRP) on farmland and developed land prices. Results show that the CRP increases farmland and developed land prices by 1.8% and 0.6%, respectively, on national average, with the largest increases in the Mountain, Southern Plains, and Northern Plains.

Suggested Citation

  • Lin, Haixia & Wu, JunJie, 2005. "Conservation Policy and Land Value: The Conservation Reserve Program," 2005 Annual meeting, July 24-27, Providence, RI 19417, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19417
    DOI: 10.22004/ag.econ.19417
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    File URL: https://ageconsearch.umn.edu/record/19417/files/sp05li02.pdf
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    References listed on IDEAS

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    2. Young, C. Edwin & Osborn, C. Tim, 1990. "The Conservation Reserve Program: An Economic Assessment," Agricultural Economic Reports 308084, United States Department of Agriculture, Economic Research Service.
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    Cited by:

    1. Adjei, Eugene & Zhang, Jingfang & Sawadgo, Wendiam & Li, Wenying, 2022. "The Effect of Payment–for–Ecosystem Services on CRP Land Enrollment: A Nonlinear Regime-Switching Approach," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322344, Agricultural and Applied Economics Association.
    2. LI, Liqing & Ando, Amy W. & Kirwan, Barrett E., 2017. "The Impact of Conservation Programs on Local Employment: A Case of Conservation Reserve Program," 2017 Annual Meeting, July 30-August 1, Chicago, Illinois 259195, Agricultural and Applied Economics Association.

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