+ Translate

Agricultural land values and rents under the Conservation Reserve Program

, : Agricultural land values and rents under the Conservation Reserve Program. Land Economics 65(2): 131-137

The US Conservation Reserve Program (CRP) can have a positive impact on the value of eligible land. The primary reason found for a positive effect of the CRP on land values is the asymmetry of information regarding land quality. Because of the process whereby farmers can learn the bid caps, then to the extent thay they know that their land would earn less than the cap in a private market the caps represent a surplus which is capitalized into the value of their land.

(PDF same-day service: $19.90)

Accession: 001748754

DOI: 10.2307/3146787

Submit PDF Full Text: Here

Submit PDF Full Text

No spam - Every submission is manually reviewed

Due to poor quality, we do not accept files from Researchgate

Submitted PDF Full Texts will always be free for everyone
(We only charge for PDFs that we need to acquire)

Select a PDF file:

Related references

Shoemaker, R., 1989: The Conservation Reserve Program and its effect on land values. Some farmers enrolled in the US Conservation Reserve Program (CRP) in 1986/87 may have earned more under the CRP than they would have if they had not enrolled in the CRP and had farmed or rented out their land instead. The difference in earnings m...

Wu,J.J.; Lin,H.X., 2010: The effect of the conservation reserve program on land values. This paper evaluates the effects of the Conservation Reserve Program (CRP) on land values. A theoretical model is presented to analyze the interaction between farmers' CRP participation decisions and land values. Empirical models are estimate...

Anonymous, 2003: Agricultural land values and cash rents

Anonymous, 1997: Agricultural land values and agricultural cash rents

Roberts, M.J.; Kirwan, B.; Hopkins, J., 2003: The incidence of government program payments on agricultural land rents: the challenges of identification. This paper reports some preliminary evidence on the incidence of government payments on land rents in the USA, using micro-data from the 1992 (n=61 532 farms) and 1997 (n=61 873 farms) Agricultural Censuses. The theory that underlies the incidence...

Kurzejeski, E.; Burger, L.J.; Monson, M.; Lenkner, R., 1992: Wildlife conservation attitudes and land use intentions of Conservation Reserve Program participants in Missouri. Wildlife Society bulletin 20(3): 253-259

Plantinga, A.J.; Alig, R.; Cheng, H.T.i, 2001: The supply of land for conservation uses: Evidence from the conservation reserve program. From 1987 to 1990, the Conservation Reserve Program (CRP) operated similarly to a competitive market for conservation lands. Using CRP data on counties from this period, we estimate supply functions for conservation lands for nine US regions. The...

Hanna, K.S., 1997: Regulation and land-use conservation: a case study of the British Columbia Agricultural Land Reserve. The history and operation of the British Columbia Agricultural Land Reserve are reviewed. Its success as a tool for conserving an agricultural land base is evaluated. The larger policy context within which the programme exists is also discussed.

Anonymous, 2000: Review of the Conservation Reserve Program, Conservation Reserve Enhancement Program, and other conservation matters affecting U.S. agriculture

Traill, B., 1979: An empirical model of the U.K. land market and the impact of price policy on land values and rents. With a view to examining the impact of EC product price changes on land values and rents in the UK, econometric models are developed to show the effect of farm incomes on these variables. The long-run effect conforms closely with the often express...