Program to Pay Western Ranchers to Manage Habitat
Posted on: Apr 6, 2017
Ranchers committed to conservation land-use management may now have another tool to generate revenue on their property. National agriculture industry consulting and CPA firm K-Coe Isom recently announced a new program funded by the USDA Natural Resource Conservation Service (NRCS) aimed to help ranchers generate revenue from conservation projects while simultaneously reducing the rancher’s inherent risk of testing and implementing such projects.
The program focuses on ranchers whose property is located in priority sage grouse habitat or crucial mule deer winter range or designated mule deer migration corridors within Montana, Colorado, Wyoming, Idaho, Utah, Nevada, or California. If selected to participate in the program, ranchers within these geographic boundaries interested in restoring, protecting, creating or enhancing habitat on their land and selling habitat mitigation credits are afforded a cost-recovery guarantee of up to $35,000 for the up-front costs of habitat mitigation credit development. Ranchers selected pay out-of-pocket, alternate funding could be available and utilized in addition to NRCS guarantee, for the costs associated with determining the feasibility of credit formation and sales. Early up-front costs include determination the credit value of the habitat on the property and land management practices, evaluation of whether such projects would be profitable on the property. The program may also allow chosen landowners to secure additional financing necessary to develop and sell mitigation credits.
The timeline for the process is illustrated in the image.
For more information on the program or rancher eligibility requirements, contact Brad with K-Coe Isom at email@example.com.
Post Categories: Industry News