Agricultural Economics Department
Date of this Version
4-4-2018
Citation
Cornhusker Economics, April 4, 2018, agecon.unl.edu/cornhuskereconomics
Abstract
Payment-for-ecosystem-services (PES) schemes financially compensate producers for implementing various conservation practices on their properties that generate ecosystem-service benefits for society. Conservation auctions have been adopted in several PES programs such as the Conservation Reserve Program (CRP) (Hellerstein et al., 2015) and involve producers submitting bids for one or more environmental practices for consideration in the auction.
Comments
Copyright 2018 University of Nebraska