A conservation industry for sustaining natural capital and ecosystem services in agricultural landscapes
Conservation investment in agricultural landscapes has evolved to take a more market-based or business approach. However, current levels of conservation investment are not likely to mitigate degradation to natural capital and ecosystem services. We propose the further evolution of a conservation industry to generate substantially increased investment in conservation in agricultural landscapes, particularly from the private sector. A mature conservation industry is envisaged as comprising of investors, producers, and service providers who produce conservation products and services, exchanged via market transactions. A number of requirements for a viable and effective conservation industry are identified including institutional infrastructure (conservation market institutions and regulatory systems), information provision (quantifying benefits, business models, and accounting and auditing standards), and facilitation (entrepreneurship incubation and capacity building). A conservation industry requires careful design and planning in order to operate effectively. Whilst it is not without risk, a conservation industry has the potential to increase participation and investment in conservation actions and enhance the sustainability of agricultural landscapes.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Heimlich, Ralph E. & Claassen, Roger, 1998. "Agricultural Conservation Policy At A Crossroads," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(1), April.
- David Zilberman, 1996. "The Economics of a Public Fund for Environmental Amenities: A Study of CRP Contracts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(4), pages 961-971.
- Baylis, Kathy & Peplow, Stephen & Rausser, Gordon & Simon, Leo, 2008. "Agri-environmental policies in the EU and United States: A comparison," Ecological Economics, Elsevier, vol. 65(4), pages 753-764, May.
- Allan Curtis & Marike Van Nouhuys, 1999. "Landcare particpation in Australia: the volunteer perspective," Sustainable Development, John Wiley & Sons, Ltd., vol. 7(2), pages 98-111.
- Motta, Ronaldo Ser A Da & Huber, Richard M. & Ruitenbeek, H. Jack, 1999. "Market based instruments for environmental policymaking in Latin America and the Caribbean: lessons from eleven countries," Environment and Development Economics, Cambridge University Press, vol. 4(02), pages 177-201, May.
- Bjornlund, Henning, 2003. "Farmer participation in markets for temporary and permanent water in southeastern Australia," Agricultural Water Management, Elsevier, vol. 63(1), pages 57-76, November.
- R. Turner & G. Daily, 2008. "The Ecosystem Services Framework and Natural Capital Conservation," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 39(1), pages 25-35, January.
- Reinhardt, Forest L. & Stavins, Robert N. & Vietor, Richard H.K., 2008.
"Corporate Social Responsibility Through an Economic Lens,"
dp-08-12, Resources For the Future.
- Forest L. Reinhardt & Robert N. Stavins & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 2(2), pages 219-239, Summer.
- Stavins, Robert & Reinhardt, Forest & Vietor, Richard, 2008. "Corporate Social Responsibility through an Economic Lens," Working Paper Series rwp08-023, Harvard University, John F. Kennedy School of Government.
- Robert N. Stavins & Forest L. Reinhardt & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," Working Papers 2008.84, Fondazione Eni Enrico Mattei.
- Forest L. Reinhardt & Robert N. Stavins & Richard H. K. Vietor, 2008. "Corporate Social Responsibility Through an Economic Lens," NBER Working Papers 13989, National Bureau of Economic Research, Inc.
- Ribaudo, Marc & Hansen, LeRoy T. & Hellerstein, Daniel & Greene, Catherine R., 2008. "The Use of Markets To Increase Private Investment in Environmental Stewardship," Economic Research Report 56473, United States Department of Agriculture, Economic Research Service.
- Wanhong Yang & Chaodong Sheng & Paul Voroney, 2005. "Spatial Targeting of Conservation Tillage to Improve Water Quality and Carbon Retention Benefits," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(4), pages 477-500, December.
- Connor, Jeffery D. & Ward, John R. & Bryan, Brett, 2008. "Exploring the cost effectiveness of land conservation auctions and payment policies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 52(3), September.
- Thomas Bue Bjorner & Lars Garn Hansen & Clifford S. Russell, 2002.
"Environmental Labelling and Consumer's Choice - An Empirical Analysis of the Effect of the Nordic Swan,"
Vanderbilt University Department of Economics Working Papers
0203, Vanderbilt University Department of Economics.
- Bjorner, Thomas Bue & Hansen, L.G.Lars Garn & Russell, Clifford S., 2004. "Environmental labeling and consumers' choice--an empirical analysis of the effect of the Nordic Swan," Journal of Environmental Economics and Management, Elsevier, vol. 47(3), pages 411-434, May.
- Gatzweiler, Franz W., 2006. "Organizing a public ecosystem service economy for sustaining biodiversity," Ecological Economics, Elsevier, vol. 59(3), pages 296-304, September.
- Kroeger, Timm & Casey, Frank, 2007. "An assessment of market-based approaches to providing ecosystem services on agricultural lands," Ecological Economics, Elsevier, vol. 64(2), pages 321-332, December.
- McCann, Laura & Colby, Bonnie & Easter, K. William & Kasterine, Alexander & Kuperan, K.V., 2005. "Transaction cost measurement for evaluating environmental policies," Ecological Economics, Elsevier, vol. 52(4), pages 527-542, March.
- Ruben N. Lubowski & Michael J. Roberts, 2005. "How Cost-Effective Are Land Retirement Auctions? Estimating the Difference between Payments and Willingness to Accept in the Conservation Reserve Program," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(5), pages 1239-1247.
- Crossman, Neville D. & Bryan, Brett A., 2009. "Identifying cost-effective hotspots for restoring natural capital and enhancing landscape multifunctionality," Ecological Economics, Elsevier, vol. 68(3), pages 654-668, January.
- Gary Stoneham & Vivek Chaudhri & Arthur Ha & Loris Strappazzon, 2003. "Auctions for conservation contracts: an empirical examination of Victoria's BushTender trial," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 47(4), pages 477-500, December.
- Barbara Aretino & Paula Holland & Anna Matysek & Deborah Peterson, 2001. "Cost Sharing for Biodiversity Conservation: A Conceptual Framework," Others 0105001, EconWPA.
- Gerry Bates, 2001. "A Duty of Care for the Protection of Biodiversity on Land," Others 0105002, EconWPA.
- Boyd, James & Banzhaf, Spencer, 2007. "What are ecosystem services? The need for standardized environmental accounting units," Ecological Economics, Elsevier, vol. 63(2-3), pages 616-626, August.
- Fisher, Brendan & Turner, R. Kerry & Morling, Paul, 2009. "Defining and classifying ecosystem services for decision making," Ecological Economics, Elsevier, vol. 68(3), pages 643-653, January.
- Common,Michael, 1995. "Sustainability and Policy," Cambridge Books, Cambridge University Press, number 9780521436052.
- Wünscher, Tobias & Engel, Stefanie & Wunder, Sven, 2008. "Spatial targeting of payments for environmental services: A tool for boosting conservation benefits," Ecological Economics, Elsevier, vol. 65(4), pages 822-833, May.
- McCann, Laura M.J. & Easter, K. William, 2000. "Estimates Of Public Sector Transaction Costs In Nrcs Programs," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(03), December.
- Wanhong Yang & Madhu Khanna & Richard Farnsworth & Hayri �nal, 2005. "Is Geographical Targeting Cost-Effective? The Case of the Conservation Reserve Enhancement Program in Illinois," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 27(1), pages 70-88.
- Linda M. Young, 2003. "Carbon Sequestration in Agriculture: The U.S. Policy Context," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(5), pages 1164-1170.
- S. V. Ciriacy-Wantrup, 1971. "The Economics of Environmental Policy," Land Economics, University of Wisconsin Press, vol. 47(1), pages 36-45.
- Tibor Scitovsky, 1954. "Two Concepts of External Economies," Journal of Political Economy, University of Chicago Press, vol. 62, pages 143.
- Irmi Seidl & Oliver Schelske & Jasmin Joshi & Markus Jenny, 2003. "Entrepreneurship in biodiversity conservation and regional development," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 15(4), pages 333-350, October.
- Reeson, Andrew F. & Tisdell, John G., 2008. "Institutions, motivations and public goods: An experimental test of motivational crowding," Journal of Economic Behavior & Organization, Elsevier, vol. 68(1), pages 273-281, October.
- MacDonald, Daisy V. & Hanley, Nick & Moffatt, Ian, 1999. "Applying the concept of natural capital criticality to regional resource management," Ecological Economics, Elsevier, vol. 29(1), pages 73-87, April.
- Claassen, Roger & Cattaneo, Andrea & Johansson, Robert, 2008. "Cost-effective design of agri-environmental payment programs: U.S. experience in theory and practice," Ecological Economics, Elsevier, vol. 65(4), pages 737-752, May.
- Aretino, Barbara & Holland, Paula & Matysek, Anna & Peterson, Deborah C., 2001. "Cost Sharing for Biodiversity Conservation: A Conceptual Framework," Staff Research Papers 31915, Productivity Commission.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolec:v:69:y:2010:i:4:p:680-689. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If references are entirely missing, you can add them using this form.