The opportunity cost of the conservation reserve program on Kansas agricultural land

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dc.contributor.author Garr, Dillon Wyatt
dc.date.accessioned 2016-04-22T16:26:11Z
dc.date.available 2016-04-22T16:26:11Z
dc.date.issued 2016-05-01 en_US
dc.identifier.uri http://hdl.handle.net/2097/32620
dc.description.abstract Because Conservation Reserve Program (CRP) contracts take land out of production for at least ten years, when deciding to enroll a parcel of land, a landowner must weigh the opportunity costs of hindering production flexibility against a guaranteed constant annual return. This thesis discusses whether having a CRP contract on a parcel of land in any way effects the value of that parcel. This is accomplished through the use of a hedonic model using data from 1998-2014 on Kansas agricultural land transactions. Results show that unlike in previous literature, while the effect of CRP is typically negative, it can become positive depending on the state of market factors at the time of the transaction. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject Hedonic model en_US
dc.subject Conservation Reserve Program en_US
dc.subject Land value en_US
dc.title The opportunity cost of the conservation reserve program on Kansas agricultural land en_US
dc.type Thesis en_US
dc.description.degree Master of Science en_US
dc.description.level Masters en_US
dc.description.department Department of Agricultural Economics en_US
dc.description.advisor Mykel Taylor en_US
dc.date.published 2016 en_US
dc.date.graduationmonth May en_US


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