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Implementation of new Conservation Programs and the Need to Respond to Changing Market Conditions
Published online by Cambridge University Press: 28 April 2015
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Under new federal programs, soil and water conservation practices are relied upon to make a major contribution to the control of nonpoint sources of water pollution. Economic efficiency is to be considered in selecting these practices. Although only an experimental program funding of $50 million has been appropriated, $400 million of Rural Clean Water Program funds in 1980 were authorized. The program is to be administered by the Secretary of Agriculture with the concurrence of the Administrator of the Environmental Protection Agency. Because its implementation may eventually necessitate major land use changes and capital investments as part of 5- to 10-year contracts with farmers, we examine how soil conservation plans can incorporate potential changes in market prices of crops.
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- Copyright © Southern Agricultural Economics Association 1980