@article{e7fa5dd26f994898b11b293cc45d536c,
title = "Impact of changes in Title II of the 2018 Farm Bill on the acreage and environmental benefits of Conservation Reserve Program",
abstract = "The 2018 Farm Bill lowered the maximum rental payments for the Conservation Reserve Program (CRP) by 10%–15% and increased the acreage enrollment cap by 3 million acres. We show that CRP acreage will decrease by 1.18 million acres (associated with a 3.3% environmental benefit decrease of the CRP) as a result of the rental rate reduction and that CRP acreage will increase by 2.32 million acres (associated with a 6.2% environmental benefit increase of the CRP) because of the acreage cap increase. The largest impact on CRP acreage and environmental benefits is predicted to occur in the Plains and the South.",
keywords = "Conservation Reserve Program, acreage, enrollment cap, environmental benefits, rental payments",
author = "Brian Cornish and Ruiqing Miao and Madhu Khanna",
note = "Funding Information: This research was supported by the Alabama Agricultural Experiment Station and the Hatch program of the National Institute of Food and Agriculture, U.S. Department of Agriculture. We thank the editor Mindy Mallory and two referees for comments and suggestions. We also thank Marc Bellemare for helpful comments on the econometric approach used in this study. Comments from seminar participants at Auburn University and University of Illinois at Urbana‐Champaign are much appreciated. All remaining errors are our own. 1 Funding Information: This research was supported by the Alabama Agricultural Experiment Station and the Hatch program of the National Institute of Food and Agriculture, U.S. Department of Agriculture. We thank the editor Mindy Mallory and two referees for comments and suggestions. We also thank Marc Bellemare for helpful comments on the econometric approach used in this study. Comments from seminar participants at Auburn University and University of Illinois at Urbana-Champaign are much appreciated. All remaining errors are our own. Publisher Copyright: {\textcopyright} 2021 Agricultural and Applied Economics Association.",
year = "2022",
month = jun,
doi = "10.1002/aepp.13185",
language = "English (US)",
volume = "44",
pages = "1100--1122",
journal = "Applied Economic Perspectives and Policy",
issn = "2040-5790",
publisher = "Oxford University Press",
number = "2",
}