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2645. Hoag, D.L. and D.L. Young. 1986. Commodity and conservation policy impacts on risk and returns.. Western J. Agric. Economics 11:211-220.
Crop yields, farm income risk and returns, and soil losses were simulated from 1974 to 1984 for southeastern WA Palouse-region farms in 3 climatic subregions under alternative conservation and commodity policy scenarios. Historical commodity programs reinforced preexisting disincentives to retire highly erodible land to perennial grasses, but cropland base protection legislation would eliminate such disincentives and increase profitability and decrease risk of land retirement. Government rental payments can provide further incentives, but they are more costly without cropland base protection.