Extension / information provision |
Provision of information and support to generate change. E. g.:
� Agforce BMPs
� Qld DAF Future Beef
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� Non-invasive
� Informative
� Low cost to administer
Can be used as a stepping off point for engagement and information collection for other more targeted incentive schemes such as grants, subsidies and competitive payments
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� Likely to only generate small and slow change unless applied in conjunction with regulation or a financial incentive
� Requires landholders to engage voluntarily( so unlikely to attract those that have no history of engagement)
� Start / stop nature could create frustration and disadoption
� Action stops when extension stops so limited application for long term outcomes
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Non-financial |
Brokering |
A broker that helps an existing market to work better for an environmental outcome. E. g.:
� Brokers in water markets. Brokers in biodiversity offset markets( BushBroker, BioBanking, EcoFund- Qld)
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� When the markets exist, low cost to implement
� When a market exists, facilitates resources flowing to their highest value use and subsequent efficiencies
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� Relies on the existence of a market with defined property rights, buyers and sellers and gains from trade.
� No markets to broker into as yet
� Need to define how they would broker( fee / feeless)
� Need to assess the cost and benefits of brokering in an existing market( or sponsoring a private party to do so)
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Product differentiation |
Set a product apart and gain premium prices due to environmental actions or special features associated with the product. E. g.:
� Banrock Station wines( wetland conservation)
� King Island dairy( regional premium)
� Taupo Beef( tick of approval for nitrogen emission reduction)
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� Market already exists for beef which could reduce the administration cost
� If initiated by growers could be a way to engage with landholders who don’ t engage with extension
� Producers get financial reward from buyers( LDC budget can be used for other initiatives)
Linked to BMPs or other initiatives
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� Slow to start and see rewards
� Requires very good documentation, sound metrics and verification( self-assessment, 2 nd or third party depending on the market) to achieve credible results
� No evidence that there will be a price premium for BBB beef at this point
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