Nonlinear effects of conservation reserve program rental rates on land enrollment under varying crop price regimes (Record no. 134416)

MARC details
000 -LEADER
fixed length control field 01917nas a2200229Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 241107c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 2040-5804
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Adjei, Eugene
9 (RLIN) 123019
245 #0 - TITLE STATEMENT
Title Nonlinear effects of conservation reserve program rental rates on land enrollment under varying crop price regimes
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Applied Economic Perspectives and Policy
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 1038-1064
520 ## - SUMMARY, ETC.
Abstract We use a panel smooth transition regression model to investigate the influence of Conservation Reserve Program (CRP) rental rates on land enrollment under different crop price regimes. We employ a flexible estimation technique, allowing the CRP rental rate incentives to vary with crop prices, and construct a Hausman-type instrumental variable to address endogeneity. Simulations are conducted to assess the impact of varying crop prices on CRP acreage and its associated environmental effects. Results reveal a nonlinear relationship between rental rates and enrollment, with the impact diminishing as crop prices increase. A 10% rise in CRP rental rates corresponds to a 5.1% expansion in enrollment, reducing to 4.2% when crop prices reach a specific threshold. High crop prices lead to fewer acres enrolled, decreased carbon sequestration, increased phosphorus and nitrogen runoff, and increased sediment loss. Our findings highlight the importance of considering price fluctuations in conservation planning as it has significant implications for environmental conservation policies and programs.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Crop Prices
9 (RLIN) 123020
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element CRP Rental Rates
9 (RLIN) 123021
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Panel Smoothing Transition Regression
9 (RLIN) 123022
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Conservation Reserve Program
9 (RLIN) 123023
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Li, Wenying
9 (RLIN) 123024
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Sawadgo, Wendiam
9 (RLIN) 123025
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Zhang, Jingfang
9 (RLIN) 123026
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://onlinelibrary.wiley.com/doi/abs/10.1002/aepp.13424">https://onlinelibrary.wiley.com/doi/abs/10.1002/aepp.13424</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134416
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Serial Enumeration / chronology Total Checkouts Barcode Date last seen Price effective from Koha item type
        Dr VKRV Rao Library Dr VKRV Rao Library 07/11/2024 Vol. 46, No. 3   AI687 07/11/2024 07/11/2024 Article Index