financing mechanism( which includes assigning of property rights to the investor) could be considered. In some cases, if sufficiently cost-effective gully remediation costs are not feasible there may need to be acceptance that the erosion problems cannot be effectively managed.
Given the large variations in the benefits( in terms of sediment load reduction) and costs associated with management of erosion, development of a metric based on benefits / costs and which accounts for other relevant factors( time-period, time-lags, relevant landscape factors, upfront and additional costs, discount rate) is recommended. This would be a short-term improvement on the current approach used by LDC which is based on set unit rates and estimated public: private cost shares.
Landholders driving change: Exploring new incentives | 63