@article {Osborn509, author = {C. Tim Osborn and Robert N. Shulstad}, title = {Controlling agricultural soil loss in Arkansas{\textquoteright} North Lake Chicot watershed: An analysis of benefits}, volume = {38}, number = {6}, pages = {509--512}, year = {1983}, publisher = {Soil and Water Conservation Society}, abstract = {A unique environmental situation made it possible to estimate the recreational benefits of a soil erosion control project in the northern watershed of Lake Chicot, Arkansas. Using a discount rate of 7{\textendash}3/8 percent, the estimated present value of benefits for the project over a 50-year period is $67.7 million. Compared with the estimated present value of costs over the same period, $600,000, it is clear, at least from an efficiency standpoint, that the proposed soil erosion control project is overwhelmingly justified.}, issn = {0022-4561}, URL = {https://www.jswconline.org/content/38/6/509}, eprint = {https://www.jswconline.org/content/38/6/509.full.pdf}, journal = {Journal of Soil and Water Conservation} }