Economic Valuation of Environmental Benefits and the Targeting of Conservation Programs: The Case of the CRP

Economic Research Service AER 778

60 Pages Posted: 20 Feb 2016

See all articles by Peter Feather

Peter Feather

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Daniel Hellerstein

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division

LeRoy Hansen

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)

Date Written: April 19, 1999

Abstract

The range of environmental problems confronting agriculture has expanded in recent years. As the largest program designed to mitigate the negative environmental effects of agriculture, the Conservation Reserve Program (CRP) has broadened its initial focus on reductions in soil erosion to consider other landscape factors that may also be beneficial. For example, preserving habitats can help protect wildlife, thus leading to more nature-viewing opportunities. This report demonstrates how nonmarket valuation models can be used in targeting conservation programs such as the CRP.

Keywords: conservation reserve program, non market values, targeting

JEL Classification: Q24, Q28

Suggested Citation

Feather, Peter and Hellerstein, Daniel and Hansen, LeRoy Thomas, Economic Valuation of Environmental Benefits and the Targeting of Conservation Programs: The Case of the CRP (April 19, 1999). Economic Research Service AER 778. Available at SSRN: https://ssrn.com/abstract=2735093

Peter Feather (Contact Author)

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

1800 M Street, NW
Room 4077
Washington, DC 20036-5831
United States
202-694-5608 (Phone)
202-694-5756 (Fax)

Daniel Hellerstein

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS), Resource and Rural Economics Division ( email )

355 E Street, SW
Washington, DC 20024-3221
United States
202-694-5613 (Phone)
202-694-5756 (Fax)

LeRoy Thomas Hansen

U.S. Department of Agriculture (USDA) - Economic Research Service (ERS) ( email )

355 E St., SW
Washington, DC 20036-5831
United States
202-694-5612 (Phone)

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