The Effect of the Conservation Reserve Program on Land Values

被引：0

作者：

Wu, JunJie ^{[1
]}

Lin, Haixia ^{[1
]}

机构：

[1] Oregon State Univ, Dept Agr & Resource Econ, Corvallis, OR 97331 USA

来源：

LAND ECONOMICS | 2010年 / 86卷 / 01期

关键词：

OPEN SPACE; PAYMENTS; CAPITALIZATION; SUBSIDIES; GROWTH; PRICES; MODELS; RENTS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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 mid land values. Empirical models are estimated to evaluate the effects of the CRP on land values. Results suggest that CRP participation had the largest effects in the Mountain, Southern Plains, and Northern Plains regions, where it increased average farmland values by 5% to 14%, 4% to 6%, and 2% to 5%, respectively. The CRP also had a statistically significant effect on developed land values, but the percentage increases were smaller. Implications of the results for the design of conservation programs are discussed. (JEL Q24., Q28)

引用

页码：1 / 21

页数：21

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