Assessing cost-effectiveness of the Conservation Reserve Program (CRP) and interactions between the CRP and crop insurance
We examine the US Conservation Reserve Program (CRP) enrollment design while
accounting for the CRP's interactions with the federal crop insurance program. We find that
the current CRP is not cost-effective despite its intent to balance benefits and costs. Based
on CRP contract-level data, we show that adopting a cost-effective enrollment design and
incorporating crop insurance subsidies into the CRP's Environmental Benefits Index would
significantly increase the CRP acreage, environmental benefits, and savings on crop …
accounting for the CRP's interactions with the federal crop insurance program. We find that
the current CRP is not cost-effective despite its intent to balance benefits and costs. Based
on CRP contract-level data, we show that adopting a cost-effective enrollment design and
incorporating crop insurance subsidies into the CRP's Environmental Benefits Index would
significantly increase the CRP acreage, environmental benefits, and savings on crop …
Assessing cost-effectiveness of the conservation reserve program (CRP) and interactions between the CRP and crop insurance.
MRQ Miao RuiQing, FHL Feng HongLi, DA Hennessy… - 2016 - cabidigitallibrary.org
We examine the US Conservation Reserve Program (CRP) enrollment design while
accounting for the CRP's interactions with the federal crop insurance program. We find that
the current CRP is not cost-effective despite its intent to balance benefits and costs. Based
on CRP contract-level data, we show that adopting a cost-effective enrollment design and
incorporating crop insurance subsidies into the CRP's Environmental Benefits Index would
significantly increase the CRP acreage, environmental benefits, and savings on crop …
accounting for the CRP's interactions with the federal crop insurance program. We find that
the current CRP is not cost-effective despite its intent to balance benefits and costs. Based
on CRP contract-level data, we show that adopting a cost-effective enrollment design and
incorporating crop insurance subsidies into the CRP's Environmental Benefits Index would
significantly increase the CRP acreage, environmental benefits, and savings on crop …
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