Table 5.

Sign-up 16: Estimated Marginal Effects on Bids

State	CRD	Number of Offers	Proportion of Bids at Their Maximum	LogL.	Constant	Maximum Rental Rate	Proportion of County in CRP	Environmental EBI Score^a	PP	PP × EBI Interaction Term
IA	1950	1,304	0.053	− 5,189.0	26.522^***	0.419^***	50.059^***	0.962^***	11.032^***	1.5^***
					(5.205)	(0.028)	(18.887)	(0.286)	(1.362)	(0.53)
IA	1940	1,016	0.081	− 3,655.8	20.422^***	0.413^***	− 45.229^***	2.523^***	5.023^***	— 2.173^***
					(3.76)	(0.024)	(13.068)	(0.27)	(1.47)	(0.668)
IA	1910	903	0.064	− 3,495.7	19.851^***	0.556^***	− 67.917^***	0.471	2.917^**	− 0.636
					(4.462)	(0.031)	(22.793)	(0.298)	(1.275)	(0.558)
MN	2750	1,401	0.295	− 3,800.5	6.744^***	0.443^***	− 26.758^***	1.021^***	2.85^***	0.959^***
					(1.273)	(0.015)	(7.481)	(0.159)	(0.534)	(0.309)
MN	2740	1,941	0.148	− 5,946.3	474^***	0.594^***	− 8.923	0.939^***	− 0.364	− 0.619
					(1.697)	(0.011)	(7.07)	(0.149)	(1.238)	(0.933)
MN	2710	2,429	0.382	− 5,210.2	9.02^***	0.352^***	- 6.2^***	0.081	1.015^***	− 0.222
					(0.619)	(0.011)	(1.06)	(0.064)	(0.166)	(0.145)
MT	3050	456	0.836	− 345.8	3.545^***	0.059^***	− 31.366^***	0.103^**	0.416^**	− 0.247^*
					(0.66)	(0.017)	(5.44)	(0.048)	(0.201)	(0.138)
MT	3030	1,952	0.706	− 1,867.3	2.175^***	0.21^***	− 3.65^***	− 0.027	0.494^***	— 0.144^***
					(0.277)	(0.012)	(0.482)	(0.017)	(0.043)	(0.034)
ND	3890	1,266	0.750	− 1,119.0	0.874^***	0.172^***	0.i7^***	− 0.006	0.148	− 0.025
					(0.235)	(0.012)	(1.25)	(0.023)	(0.118)	(0.097)
ND	3860	874	0.715	− 933.4	1.708^***	0.211^***	− 0.384	0.105^***	0.240	− 0.352^***
					(0.483)	(0.015)	(1.52)	(0.039)	(0.188)	(0.133)
ND	3830	1,836	0.607	− 2,519.0	4.978^***	0.21^***	− 17.313^***	0.257^***	0.756^***	− 0.615^***
					(0.425)	(0.011)	(1.49)	(0.048)	(0.111)	(0.117)
ND	3840	497	0.757	− 386.9	0.98^***	0.2^***	1.640	- 0.020	− 0.046	0.031
					(0.233)	(0.02)	(1-64)	(0.023)	(0.088)	(0.047)
ND	3880	833	0.825	− 485.6	0.481^***	0.131^***	− 1.59^*	0.025^*	0.308^***	0.002
					(0.154)	(0.013)	(0.866)	(0.014)	(0.044)	(0.028)

Note: Standard errors are in parentheses. Marginal effects evaluated at the mean of the variables. CRD, crop reporting district; CRP, Conservation Reserve Program; EBI, Environmental Benefits Index; IA, Iowa; MN, Minnesota; MT, Montana; ND, North Dakota.
↵a The environmental EBI score excludes the priority-area points for factor N6 and cost-factor points.
↵* Significance at the 10% level;
↵** significance at the 5% level;
↵*** significance at the 1% level.