\begin{table}[H] \caption{CREP treatment effect by cohort}\label{REGCREPCOHORT} \centering \begin{tabular}{lccc} \tabularnewline \midrule \midrule Dependent Variable: & \multicolumn{3}{c}{AF}\\ & All CREP Wells & Permanent Contracts & 15-Year Contract \\ Model: & (1) & (2) & (3)\\ \midrule \emph{Variables}\\ cohort $=$ 2014 & -23.34$^{***}$ & -5.335$^{**}$ & -51.72$^{***}$\\ & (3.576) & (2.023) & (3.874)\\ cohort $=$ 2015 & -36.66$^{***}$ & -27.48$^{***}$ & -40.23$^{***}$\\ & (5.398) & (5.252) & (8.487)\\ cohort $=$ 2016 & -39.24$^{***}$ & -21.80$^{***}$ & -89.55$^{***}$\\ & (6.607) & (5.129) & (14.31)\\ cohort $=$ 2017 & -195.0$^{***}$ & & -195.2$^{***}$\\ & (28.43) & & (28.51)\\ cohort $=$ 2018 & -39.53$^{***}$ & -2.431 & -62.04$^{***}$\\ & (11.68) & (1.564) & (16.33)\\ cohort $=$ 2019 & -134.0$^{***}$ & & -134.2$^{***}$\\ & (20.66) & & (20.66)\\ cohort $=$ 2020 & -32.75$^{***}$ & -31.23$^{***}$ & -44.29$^{***}$\\ & (7.551) & (8.479) & (0.6819)\\ cohort $=$ 2021 & -3.927 & -3.956 & \\ & (11.75) & (11.77) & \\ \midrule \emph{Fixed Effects}\\ Subdistrict-Year & $\checkmark$ & $\checkmark$ & $\checkmark$\\ Ditch-Year & $\checkmark$ & $\checkmark$ & $\checkmark$\\ In Fallow Program & $\checkmark$ & $\checkmark$ & $\checkmark$\\ Well & $\checkmark$ & $\checkmark$ & $\checkmark$\\ \midrule \emph{Fit statistics}\\ Observations & 49,439 & 48,594 & 48,282\\ R$^2$ & 0.74748 & 0.74727 & 0.74580\\ Within R$^2$ & 0.01114 & 0.00149 & 0.01320\\ \midrule \midrule \multicolumn{4}{l}{\emph{Clustered (Well \& Year) standard errors in parentheses}}\\ \multicolumn{4}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\ \end{tabular} \par \raggedright Each of the 10 largest ditches are included in the Ditch-Year fixed effect.\\ Subdistricts One through Six included in the Subdistrict-Year fixed effect.\\ CREP wells are removed from the dataset when estimating neighbor responses. \end{table}