Using dynamic optimization modeling, impacts of the Conservation Reserve Program (CRP) and the Conservation Compliance Provision (CC) contained in the Conservation Title of the 1985 US Food Security Act was evaluated for a representative farm in South-Central Virginia. Results provide insights on the optimal course of action with respects to what, how, and when to produce agricultural commodities, such that maximization of net present value of returns is achieved when considering the alternatives of enrolling in CRP, meeting CC requirements, or neither.
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Liverpool John Moores Univ, Sch Nat Sci & Psychol, Liverpool L3 3AF, Merseyside, EnglandLiverpool John Moores Univ, Sch Nat Sci & Psychol, Liverpool L3 3AF, Merseyside, England
机构:
Univ Wageningen & Res Ctr, Dept Environm Sci, Eros & Soil & Water Conservat Grp, NL-6709 PA Wageningen, NetherlandsUniv Wageningen & Res Ctr, Dept Environm Sci, Eros & Soil & Water Conservat Grp, NL-6709 PA Wageningen, Netherlands
Riksen, MJPM
De Graaff, J
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Univ Wageningen & Res Ctr, Dept Environm Sci, Eros & Soil & Water Conservat Grp, NL-6709 PA Wageningen, NetherlandsUniv Wageningen & Res Ctr, Dept Environm Sci, Eros & Soil & Water Conservat Grp, NL-6709 PA Wageningen, Netherlands