Competing Farm Programs: Does the Introduction of a Risk Management Program Reduce the Enrollment in the Conservation Reserve Program?
AAEA members release new research in JAAEA
Conservation policies in agriculture are gaining more attention due to the climate change crisis. Furthermore, the Inflation Reduction Act places an emphasis on conservation and climate policies, and the Farm Bill is set to be reauthorized in 2023, which establishes funding and policy mechanisms for many federal farm programs. The findings from this new research indicate that we need to pay more attention how other farm programs will interact with any conservation and climate policies that are in place or will be implemented in the future.
In the new article “Competing Farm Programs: Does the Introduction of a Risk Management Program Reduce the Enrollment in the Conservation Reserve Program?” Jisang Yu from Kansas State University, Brittney Goodrich from the University of California, Davis and Atticus Graven from Ambrook, look into the availability of a new government-supported risk management tool “crowd-out” participation in a conservation program.
The authors say, “The key implication is that policymakers and stakeholders should be aware of the possible competition among various government programs. In the case of the Conservation Reserve Program (CRP) and Pasture, Rangeland and Forage insurance (PRF), it seems that pursuing one policy goal, i.e., providing better risk management tools for producers, actually reduces the efficacy of the other policy, i.e., the CRP.”
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ABOUT AAEA: Established in 1910, the Agricultural & Applied Economics Association (AAEA) is the leading professional association for agricultural and applied economists, with 2,500 members in more than 60 countries. Members of the AAEA work in academic or government institutions as well as in industry and not-for-profit organizations, and engage in a variety of research, teaching, and outreach activities in the areas of agriculture, the environment, food, health, and international development. The AAEA publishes three journals, the Journal of the Agricultural and Applied Economics Association (an open access journal), the American Journal of Agricultural Economics and Applied Economic Perspectives & Policy, as well as the online magazine Choices and the online open access publication series Applied Economics Teaching Resources. To learn more, visit www.aaea.org.
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