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Economics

NRCS Economics

 

The policy of the Natural Resources Conservation Service is that economics is an essential consideration in all agency decision making.  Economic principles must be applied in the planning, implementation and evaluation of agency polices and program activities to provide the most cost effective assistance to customers, cooperators, and partners for the sustained use of natural resources.

Economic principles and techniques, including cost effectiveness, economic feasibility, and benefit-cost analysis will be applied to all program formulation, management, and evaluation activities of the agency.  Economic effects of alternative actions should be provided to NRCS customers in order for them to make informed resource conservation decisions.  NRCS policy permits cost effectiveness analysis, partial budgeting, profitability analysis, and other appropriate analyses when requested by the client.  NRCS policy prohibits field offices form obtaining financial information beyond that volunteered by the client.  For nationwide consistency in the application of economics in all NRCS activities, the National Resource Economics Handbooks and other directives will be used as the guidance for the integration economics into conservation planning, program implementation, and program evaluation at the field, state, regional and national offices of the agency.

Economic principles and techniques shall be used at all levels of the agency in order to satisfy the goal of maximizing environmental benefits per dollar expended  as legislated for selected U. S. Department of Agriculture conservation programs.


NRCS Economics Handbooks

Part 610 NRCS National Resource Economics Handbook (PDF), H_200_NREH-610 Discount Factors Spreadsheet.