LDC New Incentives Report | Page 42

Placing a covenant on land title is another method to ensure benefits are maintained through time regardless of the ownership of the property. Despite the sediment reduction benefit potential of this, BBB landholders were not comfortable with incentives linked to title, saying that it would be perceived as a constraint to sale of property and therefore a disincentive to participation.
In many cases an incentive may not result in a large sum of cash being paid to a landholder. When this is the case, the process of maintaining benefits and compliance should be much more supportive and facilitative. If compliance is less than required, effort should be made to understand the barriers to compliance with lessons learned on how to improve incentive implementation in the future and / or if the landholder can be supported further to comply with original obligations.
Ongoing monitoring is also critical to the maintenance of benefits. Monitoring can be a way for land managers to showcase the environmental gains they are making and also be a way to highlight any potential red flags with current management such that adjustments can be made to management agreements. This is another reason why long-term institutional arrangements for incentives and associated works planning and delivery are crucial.
SEE RECOMMENDATION 3 and 5 in Section 4
3.3 Potential incentives for the LDC
The potential incentive types were presented in Table 4. Not all incentive types, however, are feasible for implementation as a part of the LDC project. Table 7 provides a justification for which incentives are considered feasible for the LDC and which incentives are not.
40 | Landholders driving change: Exploring new incentives