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Economic Evaluation of a Federal Natural Resources Program

The Case of the Forestry Incentives Program

University of Minnesota, St. Paul

Christopher D. Risbrudt

U.S. Department of Agriculture, Forest Service, Washington, D.C.

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.

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