PT  - JOURNAL ARTICLE
AU  - Jacobs, Keri L.
AU  - Thurman, Walter N.
AU  - Marra, Michele C.
TI  - The Effect of Conservation Priority Areas on Bidding Behavior in the Conservation Reserve Program
AID  - 10.3368/le.90.1.1
DP  - 2014 Feb 01
TA  - Land Economics
PG  - 1--25
VI  - 90
IP  - 1
4099  - http://le.uwpress.org/content/90/1/1.short
4100  - http://le.uwpress.org/content/90/1/1.full
SO  - Land Econ2014 Feb 01; 90
AB  - We explore how a landowner’s bid to enroll in the Conservation Reserve Program (CRP) is influenced by his parcel’s designation as a Conservation Priority Area (CPA). A theoretical model of a landowner’s optimal bid is presented, and we demonstrate the ambiguity in a landowner’s optimal bid response to CPA designations. The bid choice is analyzed using a data set of accepted and unaccepted offers during three CRP sign-up periods. We focus empirically on a subset of offers from the Prairie Pothole CPA to identify whether bid responses to exogenous location factors differ across landowners with varying opportunity costs to enrollment. (JEL Q15, Q18)