The Conservation Reserve Program (CRP) is arguably the world's largest conservation program on private lands, with $1.8 billion paid to farmers in 2017 for practices on 23.4 million acres. Existing theory and literature suggest that a modified auction structure could make CRP more...

Now over 25 years old, as of June 2012 the Conservation Reserve Program (CRP) removes over 29 million acres of environmentally sensitive farmland from crop production under 10- to 15-year contracts. Over time, the program's size and goals have changed, from its early emphasis on limiting crop...