Public benefits of private lands conservation : exploring alternative compensation mechanisms
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We use a benefit transfer approach to estimate the total value of the ecosystem services on private lands protected by conservation easements to Coloradoans. If we consider an average acre of conserved land in Colorado, annual ecosystem service benefits per acre range from $849 (using minimum values) and $995 (using maximum values) per acre per year and in the range of $2-2.3 billion in total value per year (2018 dollars). In 2012, NRCS established GARCs for the Grassland Reserve Program (GRP) and Wetland Reserve Program (WRP) with rate caps ranging from $170 per acre to $2,240 per acre-year ...