Get reliable rangeland science

A significant quantity of native vegetation and biodiversity exists on privately managed rangeland properties.  However, landholders do not always conserve these resources at a level that society desires, due to a lack of appropriate market signals.  Policies involving regulation can impose substantial costs to landholders.  Market Based Instruments (MBI) have therefore been introduced to provide market incentives for conservation.   In a case study of an MBI scheme, we estimate the costs of protecting biodiversity on privately managed properties in Western NSW.  The cost of this on different conservation areas varied widely.