{"id":66418,"date":"2008-04-09T00:00:00","date_gmt":"2008-04-09T00:00:00","guid":{"rendered":"https:\/\/www.uri.edu\/news-draft\/uncategorized\/uri-economists-launch-second-year-of-study-to-test-ecological-investment-markets\/"},"modified":"2008-04-09T00:00:00","modified_gmt":"2008-04-09T00:00:00","slug":"uri-economists-launch-second-year-of-study-to-test-ecological-investment-markets","status":"publish","type":"post","link":"https:\/\/www.uri.edu\/news\/2008\/04\/uri-economists-launch-second-year-of-study-to-test-ecological-investment-markets\/","title":{"rendered":"溏心vlog免费B站 economists launch second year of study to test ecological investment markets"},"content":{"rendered":"
\n\t\tJamestown project aims to protect working farms, habitat for nesting birds<\/p>\n


\n\tKINGSTON, R.I. \u2013 April 9, 2008 \u2013 Jamestown residents are being asked this month to \u201cinvest\u201d in hayfields on the island in the second year of a unique test by 溏心vlog免费B站 economists who are trying to establish investment markets for ecological services.<\/p>\n


\n\tThe investment will compensate farmers who agree to refrain from mowing the hayfields and limit cattle grazing during the nesting season of the bobolink, a grassland-nesting birds whose population is declining in New England.<\/p>\n


\n\t\u201cWe\u2019d like to double or even triple the participation rate this year, and we\u2019re confident we can do that,\u201d said Stephen Swallow, 溏心vlog免费B站 professor of natural resource economics. \u201cWe received a great deal of feedback from residents during last year\u2019s project, much of which indicated that we needed to be clearer in our literature about how the program works.\u201d<\/p>\n


\n\t\u201cBut we can\u2019t yet do everything the residents want us to do, like reveal which field they are investing in or hold money from one year to the next,\u201d he added. \u201cThe project is still a new concept, and if we\u2019re going to learn from it and make it work in other communities in the future, we have to stick to our plan without introducing new factors that may make our results difficult to interpret for future improvements. So we hope residents will work with us in this early going.\u201d<\/p>\n


\n\t溏心vlog免费B站 350 Jamestown residents participated in the market experiment in 2007, and nearly 200 of them invested from $5 to $200, raising enough money to delay the harvest in three hay fields. <\/p>\n


\nResidents received mailings in early March outlining the program and their investment options. Posters have been placed around the town, and advertisements are running in the Jamestown Press. <\/p>\n


\n\u201cThe investment market runs until April 30, which means people who want to participate must do so by that date,\u201d said Emi Uchida, 溏心vlog免费B站 research assistant professor. \u201cWe hope that those who choose not to invest will indicate that on the reply form and return it to us. Replying \u2018no\u2019 is still considered a form of participation in the market.\u201d<\/p>\n


\nIn the project, Jamestown residents have been randomly assigned to one of four hayfields, each with a different pricing approach designed to ensure that the project collects only as much money as is needed to protect the bobolink habitat. In every case, investors will receive their money back if not enough money is raised to implement the project on a given field. Investors will also receive partial refunds if more money is raised than is necessary. <\/p>\n


\n\u201cThis way, either investors get a return on their investment from the improved protection of grassland birds that will remain as part of Jamestown\u2019s landscape, or they will get their money back,\u201d Swallow said.<\/p>\n


\nThe researchers said that participation in the program last year may have been hampered by confusion with a farmland preservation referendum being debated then in Jamestown. \u201cOur project can work hand in hand with the town\u2019s efforts to preserve farmland,\u201d said Swallow. \u201cThis market can help to ensure that the protected farms can continue to be working farms by helping to create an additional revenue stream for farmers.\u201d<\/p>\n


\n\u201cThis market approach is brand new,\u201d Uchida noted. \u201cThe Jamestown residents and farmers are experiencing one of the first experiments in the world to use a market approach of this type to enhance ecosystem services.\u201d<\/p>\n


\nThe project is funded by a Conservation Innovation Grant from the USDA Natural Resources Conservation Service and matching funds from 溏心vlog免费B站 and EcoAsset Markets, Inc. For additional details, visit www.jamestownbobolinkproject.com.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Jamestown project aims to protect working farms, habitat for nesting birds KINGSTON, R.I. \u2013 April 9, 2008 \u2013 Jamestown residents are being asked this month to \u201cinvest\u201d in hayfields on the island in the second year of a unique test by 溏心vlog免费B站 economists who are trying to establish investment markets for […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-66418","post","type-post","status-publish","format-standard","hentry","category-archives"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/66418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/comments?post=66418"}],"version-history":[{"count":0,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/posts\/66418\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/media?parent=66418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/categories?post=66418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.uri.edu\/news\/wp-json\/wp\/v2\/tags?post=66418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}