USDA spends over $5 billion per year on conservation activities, mostly through voluntary programs that pay farmers and landowners to provide environmental services. USDA can reduce expenditures and encourage landowners to provide greater environmental services by making use of available data....

This paper studies the implications of a dynamic general equilibrium model with three production sectors, which are agriculture, industry and services. Due to the assumption of increasing returns in industry and services, our model has multiple equilibria. Two equilibria are stable: one, in...