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Conservation decisions rely on balancing incentives with unpredictable variables

(University of Illinois College of Agricultural, Consumer and Environmental Sciences) In deciding whether to enter into a permanent conservation agreement or to convert their land to intensive agricultural use, landowners require a higher lump-sum payment to cover their loss of options. If payments for not developing the land are positively correlated with the level of profit from developing, landowners are less hesitant to make a decision.
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Conservation decisions rely on balancing incentives with unpredictable variables

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If you own land, as long as it's not bound up in a legal restriction, you've got options. You might decide to convert it into farm land. You might develop it. You could decide to wait and see if the land increases in value. Or you c...

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