The Handbook on Contingent Valuation is unique in that it focuses on contingent valuation as a method for evaluating environmental change. It examines econometric issues, conceptual underpinnings, implementation issues as well as alternatives to contingent valuation. Anna Alberini and James Kahn...

How might increases in commodity prices, along with the acreage reduction mandated in the 2008 Farm Act, impact the Conservation Reserve Program (CRP)? Modeling StrategyThe Likely To Bid (LTB) model “restarts” the CRP from scratch. Uses National Resources Inventory data to find parcels...

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...

Many of the Nation's conservation programs seek to achieve multiple environmental objectives. Implementing a multi-objective program efficiently requires program managers to balance different environmental and cost objectives. A number of conservation programs use an index approach to prioritize...

U.S. farmers and ranchers produce a wide variety of commodities for food, fuel, and fiber in response to market signals. Farms also contain significant amounts of natural resources that can provide a host of environmental services, including cleaner air and water, flood control, and improved...

This paper uses a lottery-choice mechanism to measure farmer preferences over money-denominated risks. We look at the ability of these choice data to predict farming decisions for an in-person sample of 68 farmers. A coarse version of our risk preference measure has substantial explanatory power...