Guide to Environmental Markets for Farmers and Ranchers

Release Date: October 2010

Leading organization: American Farmland Trust

Length: 72 pages

Geographic focus: Washington State

 

This paper details the opportunities for farmers and ranchers in Washington to participate in environmental markets. Some environmental market activities could reduce the total amount of income generated from agricultural activities, and the paper talks about payment systems to offset those losses. The development of the guide was influenced by an advisory committee of agricultural leaders, interviews with several farmers and ranchers, three intensive focus group discussions, and a regional Workshop and Listening Session with key leaders in Washington and Oregon agriculture. The resulting paper includes background information on environmental markets, including explanations and status updates of five types of environmental markets in Washington: greenhouse gas markets; wetland, habitat and biodiversity markets; water quality markets; water quantity markets; and renewable energy markets. The paper also advises farmers and ranchers on the opportunities and risks involved with entering environmental markets, offering guidance for evaluating financial returns and developing a market strategy. Current issues facing agricultural participation in environmental markets are recognized and countered with suggested actions that farmers and ranchers can take to encourage and influence the development of the five market types described above. Other needs identified for continued market development and opportunity include: establishing reasonable baselines, identifying possibilities for new markets, and educating government and the community.

Location

Washington State
United States
47° 35' 40.4052" N, 120° 29' 13.4196" W

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.