It is more important than ever to provide farmers with practical guidance on how to minimize the costs and risks of conservation adoption. Fortunately, a new technical bulletin from the Sustainable Agriculture Research and Education program at the U.S. Department of Agriculture does just that.
“We offer practical guidance on how funders can advance conservation outcomes by being intentional about considering climate change in their funding strategies, and embracing rather than resisting changes that are underway or imminent.”
As food companies look to lower supply chain risk and reduce their ecological footprint, new strategies are emerging to increase adoption of sustainability practices among farmers. Several companies have begun using long-term contracts — purchase agreements guaranteeing offtake beyond an annual time horizon — to stabilize costs and allow both grower and buyer to plan further into the future.
Traditionally, conservation efforts raise funding for projects and actions in the hope that those activities will result in desired outcomes. This Toolkit explores Pay-for-success financing, an alternative approach. This model ties funding for conservation to project outcomes, incentivizing the achievement of objectives and shifting risk away from public agencies and conservation organizations that implement on-the-ground work.
Over the past decade, First Nations have created a robust conservation economy in Canada’s Great Bear Rainforest, one of the largest old-growth temperate rainforests left in the world, through investments in sustainable development and environmental stewardship projects that link the health of nature to the wellbeing of indigenous communities, according to a new report.
This bond for low-carbon development and sustainable water management will finance, among other things, natural infrastructure solutions in the Netherlands that are crucial for protecting one of the world's lowest-lying countries from floods and sea-level rise.
USDA’s Natural Resources Conservation Service is accepting proposals through July 30, 2019, for national Conservation Innovation Grants (CIG). CIG projects inspire creative problem-solving that boosts production on farms, ranches, and private forests — ultimately, they improve water quality, soil health, and wildlife habitat. All U.S.-based non-federal entities and individuals are eligible to apply.
Many of the financial best practices cited by farmers and encouraged by farm financial advisers are the very same principles that can help farmers continue to improve environmental outcomes. Here are four examples.