We take so many of the West’s open spaces for granted -- the private ranches and agricultural lands that provide invaluable resources for us all – from clean air and water, wildlife habitat and crop pollination, to scenic vistas, hunting opportunities, and so much more. But landowners are rarely compensated for the far-reaching benefits they provide, and they face intense pressure to sell out their land for development.
Yet, finally, some landowners are starting to get reimbursed for what they’ve freely provided for decades. “With scarcity comes value,” says Story Clark, author of A Field Guide to Conservation Finance. “A lot of work is going into figuring out the cost of natural capital, (defined loosely as intact ecosystems), and what will be lost if we lose it. On the reverse side, we need to be able to pay for it to keep it.