In fiscal year 1987, 126,421 farms enrolled 13.8 million acres in the Conservation Reserve Program (CRP), 779,000 acres of which were planted to trees. Enrollment per contract averaged 109.2 acres out of an average of 350.7 total acres. Cost-share per treated acre was $38 for a total of $505...

The Conservation Reserve Program (CRP) takes cropland out of production for 10 years, reducing grain supplies available to elevators. Results suggest that the program has negatively impacted elevator merchandising margins, but that elevators adjusted rather quickly to CRP changes, making most of...