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The Conservation Reserve Program (CRP) began in the 1985 farm bill and took marginal land out of production. It has been popular with farmers, hunters, and has reduced soil erosion. High crop prices are encouraging farmers to take their land out of CRP and begin planting it again. Analyze using graphs and describe the impacts of this on a crop like corn (or wheat). What would a farmer require in the next CRP registration period to keep his land in the CRP program.

Microeconomics, Economics

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