Innovative Ways for States to Finance Agricultural Conservation Programs
In this National Ecosystem Services Partnership (NESP) webinar, presented on Tuesday, June 18, Vincent Gauthier and John Feldmann discuss the findings of a masters thesis at Duke University focused on identifying state-level agricultural conservation programs with non-traditional financing mechanisms.
The study determined that innovative state agricultural conservation programs utilize transferable tax credits, revolving funds, double dividend fees and other funding and financing mechanisms that can result in greater environmental impact per dollar and don’t rely on regular appropriations of funds by state legislatures. Out of 90 state-level agricultural programs we identify 18 that utilize an innovative financing mechanism. We will highlight 4 of these programs and discuss how they could be implemented more broadly in other states.