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as to the type of land that is eligible for conservation reserve participation, but it s restrictive in , that it applies to specific acreage regularly used in the production of crops.”
“We found instances where unrealistic land value estimates were used by the county committees, where the county committees accepted the applicants’ estimates of land value, where applicants were in effect encouraged to increase their land value estimates.”
“Land leased from the States of" New Mexico, Texas and Colorado at low lease-rental rates is participating in the conservation reserve at substantially higher rates.”
“Many producers are selling cattle and mowing pasture for hay to make land eligible for conservation -reserve. ITiis land is already in peYennial grasses and legumes and would remain except for conservation reserve program.”
“In July 1956, a farmer purchased about 280 acres of land, including 139 acres of cropland for $5,000. Ij the entire purchase price was assigned" to the 139 cropland acres, the cropland cost would be about $36 an acre. Substantially all the cropland acres were placed in the conservation reserve under a 5-year contract. Under this contract, the farmer will receive am nual rental payments of $9.70 for each acre of cropland placed in the reserve, or a total of about $6,400 over the period of the contract. Through the conservation reserve participation of these cropland acres (about 50 percent of the land purchases), the farmer is able to more than recover the full $5,00 purchase cost of the entire acreage.”
69.4%