Conservation Market Study Finds Potential in Supporting Farms
jgiuntoli March 17th, 2009
The State Conservation Commission has concluded a study on the feasibility of conservation markets to provide additional revenue opportunities for working farms and forest land owners. Conservation markets are an economic system whereby ecosystem functions – such as wetlands, carbon sequestration, and habitat – are given a value, or “credit.” These credits are then sold in a market to purchasers who typically are developers who are then required to mitigate their impacts. These transactions have the potential to provide additional income for landowners while still maintaining the land in production.
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