The future of the Conservation Reserve Program (CRP) will be a pivotal issue in the 1995 farm bill debate. Established under the Food Security Act of 1985, the original objectives of the CRP were to provide a voluntary form of supply control and to reduce soil erosion by retiring highly erodible...

The Porter Hypothesis relates the effects of environmental regulation on (a) technological innovation and (b) economic performance. Specifically, it asserts that innovation offsets can occur. These are a type of technological change that will "partially or more than fully offset the costs of...