The US Conservation Reserve Program: The evolution of an enrollment mechanism

• Published in: Land use policy Vol. 63; pp. 601 - 610
• Main Author: Hellerstein, Daniel M.
• Format: Journal Article
• Language: English
• Published: Kidlington Elsevier Ltd 01.04.2017; Elsevier Science Ltd
• Subjects: Agricultural conservation; Agricultural economics; Agriculture; Agriculture departments; Auctions; Bid caps; Bids; Conservation; Conservation Reserve Program; Cost analysis; cost effectiveness; CRP; ecosystem services; Enrollment mechanism; Enrollments; Environmental benefits index; Evolution; Evolutionary conservation; General signup; Government agencies; Land use; Quota price auction; Ratings & rankings; Reference price auction; United States; USDA; United States > US; United States; CRP; General signup; Quota price auction; Reference price auction; Bid caps; Conservation reserve program; Environmental benefits index; Auctions; Enrollment mechanism

[Display omitted] •The USDA’s CRP retires cropland to provide ecosystem services.•CRP uses a competitive auction to select offers.•An environmental benefits index, with cost an additive factor, ranks offers.•All offers are subject to a parcel specific bid cap.•Alternative auction mechanisms (quota a...