We develop a series of new grass-based budgets for use in FINPACK, a standard farm finance analysis tool. The new budgets are then applied to an evaluation of plausible grass-based systems on three farms in the Northern Tallgrass Prairie region of Minnesota and North Dakota. The farms are used...

The USDA has used bidding to enroll land into the Conservation Reserve Program (CRP) and may use similar mechanisms to implement other policy instruments in which some or all agricultural land cropping rights are acquired to protect or increase environmental amenities. Experience with the CRP...