\begin{frame}{Chapter II}
	\huge
	\bf{Policy Interactions of Water Conservation Programs.}
%	\bf{Policy Interactions of Water Conservation Programs. Is Efficiency Always Efficient?}

\end{frame}
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\begin{frame}{Guiding Question}
	\Large
	How does Subdistrict 1 water management change the efficacy of federal payment for environmental services (PES) water conservation efforts?
\vfill
	\large
\onslide<2-> Staggered DiD study of the Conservation Reserve Enhancement Program (CREP) for Subdistrict 1 farms initiated in 2014. 
	\begin{itemize}
		\onslide<3->{\item{Effect from enrolled wells, neighboring wells, and selection in the program }}
		\onslide<4->{\item{The federal PES conserves 32\% less ground water. }}
		\onslide<5->{\item{Program costs rise by 29.5\%. }}
		\onslide<6->{\item{Pays the farmers most harmed by the pumping fee.}}
	\end{itemize}
\end{frame}
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\subsection{Background}
\begin{frame}{CREP}
 Provides payments to fallow irrigated land in environmentally sensitive regions. The first contracts started in 2014. 
 \vfill
\onslide<2->{ \textbf{Goals}
			\begin{enumerate}
				\item{Enroll 40,000 acres of cropland}
				\item{Reduce water use by 60,060 acre-feet per year.}
				\item{Reduce erosion}
				\item{Increase native cover crops}
			\end{enumerate}
		}
		\vfill
\onslide<3-> {\textbf{Current Status}
			\begin{enumerate}
				\item{10,868 acres enrolled (27.1\% of goal)}
				\item{Estimate of 14,755 acre-feet saved a year (24.6\% of goal)}
			\end{enumerate}
		}
\end{frame}
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 \begin{frame}{CREP: Payments}
	 Different payments depending on contract length. Additional support from RGWCD and Sbd1.
	 \vfill
	\begin{columns}
		\begin{column}{0.5\textwidth}
		\textbf{Farm Service Agency (FSA) payments}
			\begin{enumerate}
				\item{15 year contract}
				\item{\$288 per acre per year}
				\item{\$300 per acre sign up bonus}
			\end{enumerate}
		\end{column}
		\begin{column}{0.5\textwidth}
		\textbf{Farm Service Agency (FSA) payments}
			\begin{enumerate}
				\item{Permanent retirement}
				\item{\$22 per acre per year}
				\item{\$100 per acre sign up bonus}
			\end{enumerate}
		\end{column}
	\end{columns}
\end{frame}