Under the conservation-compliance program, most of the individual producers are forced to cut their soil erosion to 7 t per acre annually irrespective of the marginal cost of controlling soil erosion. In a system where coupons to a ton of soil loss were issued to producers and traded, the...

Our paper begins with a consideration of the causal relationships among productivity, farm structure, government farm payments and public investments in research and extension. We then empirically test key relationships for a relatively recent period (1960-96) in the history of agricultural...