Assessing economic and biological tradeoffs to target conservation easements in western rangelands

Benjamin S. Rashford, Abby Mellinger Scott, L. Steven Smutko and Amy Nagler

Western Economics Forum, 2019, vol. 17, issue 01

Abstract: Conservation easements are a common tool for protecting important habitat and migration corridors from development across increasingly fragmented western rangelands. Spatially-explicit land market transaction data to evaluate and target easements, however, is sparse or non-existent in many western states. We demonstrate a propensity score matching (PSM) model using available assessment data to estimate unobservable future residential values and probability of habitat loss associated with agricultural parcels. Combined with available parcel-level biological benefits data, the PSM model’s estimates of residential value and probability of loss can be used to target conservation easements cost-effectively.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ags:weecfo:287311

DOI: 10.22004/ag.econ.287311

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