TN_450_7 - TN 450-TCH-7 Environmental Markets: A Guide to Tools and Resources to Expand Conservation Practice Adoption
TN 450-TCH-7 Environmental Markets: A Guide to Tools and Resources to Expand Conservation Practice Adoption
Technical Notes: 450-TCH-7    Date: January 4, 2022  
Subject: Environmental Markets: A Guide to Tools and Resources to Expand Conservation Practice Adoption  


  
 
Purpose.   To announce the release of Technical Note 450-7, Environmental Markets: A Guide to Tools and Resources to Expand Conservation Practice Adoption (attachment).     
 
Effective Date.   Effective upon receipt   
 
Background.   NRCS Conservation Practice Standards often provide ecosystem service benefits to individual agricultural producers as well as to society. Agricultural operations can generate and receive compensation from society for ecosystem services that are voluntarily produced by farms, ranches, and private forestlands. Environmental markets are the mechanisms for compensating agricultural producers for ecosystem services. It is worth emphasizing that all environmental market activities are voluntary for agricultural producers. Participation in these markets is entirely at the discretion of the agricultural producers. However, NRCS conservation practices can be implemented in a manner that helps the agricultural producers maximize their ecosystem services while also generating agricultural products.         
 
Explanation.   Environmental markets are emerging as a mechanism to enable society to fully value products that were historically excluded (externalities) from the traditional marketplace. In a world of finite resources, the value of clean and plentiful water, clean ambient air quality, a stable global climate, and wildlife habitat have become a growing concern to humans. Measurement and valuation of these finite resources is emerging as a voluntary market opportunity for farmers, ranchers, and private forestland owners. Through this technical note, NRCS is highlighting this emerging market opportunity and providing technical support to NRCS field offices that may have questions about environmental markets.

As new environmental markets, such as carbon markets and water quantity/quality markets, emerge, this technical note will be updated and appended when new information becomes available.

Distribution. This directive is available on the NRCS Electronic Directives System website at
http://directives.sc.egov.usda.gov/.

Filing Instructions. The availability of this information is limited to electronic format. States are recommended to file this document or provide a link to it in their State Field Office Technical Guide. If a paper copy is retained, file it sequentially within Title 190, Ecological Sciences, of the Technical Note binder.   
 
Contact.   For further information, contact Dr. Adam Chambers, National Environmental Markets Leader-Science and Technology Deputy Area, by telephone at (503) 320-9114 or by email to adam.chambers@usda.gov.      
 
 

 /s/

XAVIER MONTOYA   
Acting Deputy Chief for Science & Technology   

 
 
TN 450-7 Environmental Markets Attachment     
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