We present a model that extends the replacement cost theory to cases where benefits are restored for multiple years. Our theoretical framework derives a functional relationship between investments expenditures and environmental benefits. By extending the investment framework, we model reservoir...

Pheasant hunting benefits of the Conservation Reserve Program (CRP) were approximately $80 million/year in 1991 in states where the CRP appears most critical to pheasant populations. To obtain this benefit measure, tire demand for pheasant hunting was estimated using a recently developed...

A test of whether minor production adaptations to climate significantly affect corn yields is the focus of this article. Cross-sectional, field-level corn data are used to analyze production across various climates. A 65�F change in temperature, when both adaptations to climate and the...

Past rivalry over access to water has usually been between the farmers who irrigate and new agricultural, industrial, and municipal demands. Recently, the recreational demand for water has become another consideration in water allocation decisions. We examine the significance of the recreational...

Nitrogen is an important agricultural input that is critical for crop production. However, the introduction of large amounts of nitrogen into the environment has a number of undesirable impacts on water, terrestrial, and atmospheric resources. This report explores the use of nitrogen in U.S....

Agri-environmental policy is at a crossroads. Over the past 20 years, a wide range of policies addressing the environmental implications of agricultural production have been implemented at the Federal level. Those policies have played an important role in reducing soil erosion, protecting and...

The objective of this analysis is to describe and, if possible, measure gains that farmland owners may have seen because of the public's demand for wetland services. To do so, we first consider landowners' ability to directly sell onsite (hunting, fishing, wildlife viewing) and offsite (water...