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Agricultural land values and rents under the Conservation Reserve Program

Land Economics 65(2): 131-137

Agricultural land values and rents under the Conservation Reserve Program

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.

Accession: 001748754

DOI: 10.2307/3146787

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...

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