Cost-effective agri-environmental payment programs: U.S. experience in theory and practice
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This presentation describes the objectives and types of PES (payments for environmental services) programs in the United States. The cost-effectiveness of various aspects of program approaches is discussed, such as competitive producer enrollment and benefit-cost targeting. Two major U.S. agri-environmental programs, the Conservation Reserve Program (CRP) and the Environmental Quality Incentives Program (EQIP), are compared and discussed.