Xie, Chen; Zhao, Jincheng; Liang, Dan; Bennett, Jeffrey; Zhang, Lei; Dai, Guangcui; Wang, Xuehong
Land use changes induced by the Conversion of Cropland to Forest and Grassland Program are found to provide farm households sampled in four counties from Shaanxi and Qinghai Provinces with increased net profits. This result is found to be robust for a range of discount rates and output price projections. The net present value of the difference in farm profits with and without the Program is found to be positive even when payments made under the Program are subtracted from with Program profits....[Show more]
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