Does participation in the conservation reserve program impact the economic well‐being of farm households?
利用美国农户调查数据，通过分位数回归分析发现，参与保护储备计划对低收入农户的消费有提升作用，但降低了其收入和储蓄；而对中高收入农户则降低了消费和收入，但增加了储蓄。
Abstract This study uses U.S. farm household survey data to examine how participation in the Conservation Reserve Program (CRP) affects farm household economic well‐being. Further, the study also examines the effects of CRP participation on farm household consumption, income, and imputed savings. In contrast to previous studies that assume the relationships are homogenous across the population, quantile regression is used to investigate the association between CRP participation across the entire distribution of farm household consumption and income. Empirical findings suggest that the effect of CRP participation on household economic well‐being differs across the income and consumption distribution. For households in the lower percentiles of the distribution, the CRP participation is associated with an increase in household consumption, but a decrease in farm household income and savings. In contrast, farm households at the median and higher income and consumption quantiles, participation in CRP is associated with lower levels of household consumption and income, but with higher levels of savings.