Economic Evaluation of a Federal Natural Resources Program: The Case of the Forestry Incentives Program

Paul V. Ellefson, Christopher D. Risbrudt

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

Abstract

A major federal natural resources program, the Forestry Incentives Program, was evaluated. The program ' s internal rate of return ranged from 8.3% to 10. 9%, depending on which costs are included. The retention of forest practices established 8 years prior was excellent. Evaluation challenges include dispersion of program benefits throughout the rural United States, evaluating benefits accruing many years in the juture (75- 100 years), and multiple-agency involvement in program administration.

Original languageEnglish (US)
Pages (from-to)660-669
Number of pages10
JournalEvaluation Review
Volume11
Issue number5
DOIs
StatePublished - Oct 1987

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