Land repair fund: a model for exploiting the nexus between land repair, improved production and profit
Typically, the techniques used by the best farm managers to improve productivity are correlated with actions that address land and water degradation issues, thus establishing a nexus between land repair, improved production and profit. To address broader environmental degradation issues, there are a number of programs through which landholders can voluntarily conserve areas of ecological value on their properties. They range from non-binding, temporary agreements to binding agreements that are attached perpetually to the title of the land. There are other ecosystem values for which incentives are being developed, for example, salinity, carbon sequestration and amenity purposes and often there is a range of these that may be applicable to a particular land area. This paper overviews some of the existing revolving fund schemes that have been implemented or are currently being tested in Australia, considers the payment of landholders for providing ecosystem services and then provides details on a case study of one type of revolving fund, the Land Repair Fund.
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- Sadras, Victor & Roget, David & Krause, Mike, 2003. "Dynamic cropping strategies for risk management in dry-land farming systems," Agricultural Systems, Elsevier, vol. 76(3), pages 929-948, June.
- Stefan Hajkowicz (Ed) & Mike Young (Ed), 2002. "Value of Returns to Land and Water and Costs of Degradation Vol 1 of 2," Natural Resource Management Economics 02_002, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
- Jeffery Connor & Brett Bryan, 2005, 2005. "River Murray Dryland Corridor Revegetation Policy Options. Stage 1 Report for the River Murray Dryland Corridor Project," Natural Resource Management Economics 05_002, Policy and Economic Research Unit, CSIRO Land and Water, Adelaide, Australia.
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