Agricultural Economics Department
Date of this Version
12-6-2017
Citation
Cornhusker Economics, December 6, 2017, agecon.unl.edu/cornhuskereconomics
Abstract
Payment for Ecosystem Services (PES) schemes have an important role in generating ecosystem services conservation and restoration benefits through adoption of various land uses on private agricultural property. These policies provide financial compensation to producers for benefits delivered over and above a baseline level and for any income losses arising from the land use change (Hanley et al. 2012). Examples of PES schemes include the Conservation Reserve Program (CRP) in the U. S., the Pago por Servicios Ambientales in Costa Rica and the Stewardship Schemes in the U. K. to name a few.
Comments
Copyright 2017 University of Nebraska.