ABSTRACT:
Private economic incentives for selected soil conservation practices were estimated on the basis of reduced productivity losses on four common Missouri soils. Variations in the discount rate, planning period, and cost-sharing level were analyzed to determine their effects on the long-run profitability cf the practices. Results showed that conservation practices were profitable only on the steeper soils under favorable discount-rate, planning-period, and cost-sharing conditions. Placing priority on steeper soils vsould increase the cost effectiveness of soil conservation cost-sharing programs, assuming limited funding in the future.
Footnotes
David E. Ervin is an assistant professor in the Department of Agricultural Economics, University of Missouri, Columbia 65211. Robert A. Washburn, a former graduate research assistant in agricultural economics, now works for the Ralston Purina Company, Wichita, Kansas.
- Copyright 1981 by the Soil and Water Conservation Society
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