Four policy alternatives for CRP lands upon expiration of the current contracts in
County, Texas are evaluated using chance-constrained programming. It was found that
contracts are extended at the current average rental rate, 40 percent of the current
be expected to return to crop production, while 66 percent would return to crop production
program were eliminated. The results also indicate that the marginal value of CRP
producers is lower than the marginal value of deficiency payments.