The role of conservation programs in drought risk adaptation

Economic research report number 148:

This report evaluates the extent to which farms facing higher levels of drought risk are more likely to participate in conservation programs, and finds a strong link between drought risk and program participation. It examines drought risk adaptation, defined as the choices that farmers make in response to drought risk exposure, and addresses the policy uncertainty by examining the role of drought risk within agricultural conservation programs and considering potential changes in conservation program design, such as adjustments in contract ranking criteria or changes in eligibility requirements.