ecosystem market services: a new frontier for...

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ECOSYSTEM MARKET SERVICES: A NEW FRONTIER FOR FARMER FINANCIAL RESILIENCE DEBBIE REED, EXECUTIVE DIRECTOR, ECOSYSTEM SERVICES MARKET CONSORTIUM

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Page 1: ECOSYSTEM MARKET SERVICES: A NEW FRONTIER FOR …ecosystemservicesmarket.org/wp-content/uploads/2020/02/Reed-Trust-in-Food...A FARM JOURNAL INITIATIVE ECOSYSTEM SERVICES MARKET CONSORTIUM

ECOSYSTEM MARKET SERVICES: A NEW FRONTIER FOR FARMER

FINANCIAL RESILIENCEDEBBIE REED, EXECUTIVE DIRECTOR, ECOSYSTEM SERVICES MARKET CONSORTIUM

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…advance ecosystem service markets

that incentivize farmers & ranchers to

improve soil health systems that

benefit society

ESMC MISSION

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Ecosystem Services Markets Conceived & Designed…

…for Agriculture

…to Overcome Past Market Challenges

…for IMPACT

This Photo by Unknown Author is licensed under CC BY-SA

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Point Source v

Non-point

Biological Systems

Stacked Assets

Market Demand

MARKET DESIGN

This Photo by Unknown Author is licensed under CC BY-SA-NC

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Systems, not Practices

Eligibility Redefined

Harmonized National Market

MARKET DESIGN

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2022 Launch

Supply & Demand

Science-based, Standards-

based, Outcomes-

based

Technology

Pressure Test with Supply

Chain Collaborators

DUE DILIGENCE

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Tatanka

Resources

COLLABORATION & CONNECTIVITY:ESMC MEMBERS

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AN ESSENTIAL BARRIER TO BRIDGE

This Photo by Unknown Author is licensed under CC BY-SA

True valuation of ecosystem

services is needed. Society can

no longer treat the

environment as a market

externality with no costs or

benefits.