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Regional Economics

2000

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Targeting Resource Conservation Expenditiures, Junjie Wu, Richard M. Adams, David Zilberman, Bruce A. Babcock Jan 2000

Targeting Resource Conservation Expenditiures, Junjie Wu, Richard M. Adams, David Zilberman, Bruce A. Babcock

Economics Publications

Payments to landowners are a major vehicle to assure resource conservation and environmental protection. Examples of payment programs are listed in the sidebar, page. 34. Some of these programs (1, 2 and 3) compensate resource owners for changing resource uses while others (4, 5 and 6) involve the outright purchase of a resource. For example, the Conservation Reserve Program (CRP) has compensated landowners to retire 37 million acres of highly erodible cropland at a current annual cost of approximately $1.9 billion, and the Nature Conservancy has protected more than 11 million acres of environmentally valuable land in the United ...