hardy-factorsinfluencing-2018.pdf (668.31 kB)
Factors influencing property selection for conservation revolving funds
journal contribution
posted on 2018-04-01, 00:00 authored by M J Hardy, James FitzsimonsJames Fitzsimons, S A Bekessy, A GordonFinding sustainable ways to increase the amount of private land protected for biodiversity is challenging for many conservation organizations. In some countries, organizations use revolving-fund programs, whereby land is purchased and then sold to conservation-minded owners under condition they enter into a conservation covenant or easement. The sale proceeds are used to purchase, protect, and sell additional properties, incrementally increasing the amount of protected private land. Because the effectiveness of this approach relies on selecting appropriate properties, we explored factors currently considered by practitioners and how these are integrated into decision making. We conducted exploratory, semistructured interviews with managers from each of the 5 major revolving funds in Australia. Responses indicated although conservation factors are important, financial and social factors are also highly influential. A major determinant was whether the property could be resold within a reasonable period at a price that replenishes the fund. To facilitate resale, often selected properties include the potential for the construction of a dwelling. Practitioners face with clear trade-offs between conservation, financial, amenity, and other factors in selecting properties and 3 main challenges: recovering the costs of acquisition, protection, and resale; reselling the property; and meeting conservation goals. Our findings suggest the complexity of these decisions may constrain revolving-fund effectiveness. Drawing from participant responses, we identified potential strategies to mitigate these risks, such as providing adequate recreational space without jeopardizing ecological assets. We suggest managers could benefit from a shared-learning and adaptive approach to property selection given the commonalities between programs. Understanding how practitioners deal with complex decisions in the implementation of revolving funds helps identify future research to improve the performance of this conservation tool.
History
Journal
Conservation biologyVolume
32Issue
2Pagination
276 - 286Publisher
WileyLocation
Chichester, Eng.Publisher DOI
Link to full text
ISSN
0888-8892eISSN
1523-1739Language
engPublication classification
C Journal article; C1 Refereed article in a scholarly journalCopyright notice
2017, Society for Conservation BiologyUsage metrics
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Privately Protected Areasadquisicióncomprador de la conservaciónconservation acquisitionconservation buyerconservation planningcontratocovenanteasementprivate land conservationpropiedad privadapurchase-protect-resaleusufructoáreas protegidas privadas公约地役权环保买家私有保护地私有土地购置Science & TechnologyLife Sciences & BiomedicineBiodiversity ConservationEcologyEnvironmental SciencesBiodiversity & ConservationEnvironmental Sciences & EcologyAUSTRALIAAREASPARTICIPATIONEASEMENTSMARKET
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