Potential Economic Impacts of the Managed Haying and Grazing Provision of CRP

Abstract

According to the Executive Order 12866, a qualitative and quantitative assessment for any Federal mandate resulting in annual expenditures of $100 million or more is required. This study determines how many of the approximately 34.5 million acres of CRP land is brought back in economic use, how that use is allocated between grazing and haying, and the economic impact.CRP, land allocation, economic impact, Agricultural and Food Policy, Environmental Economics and Policy, Land Economics/Use, Research and Development/Tech Change/Emerging Technologies,