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| Using Market Mechanisms to Reduce the Use of Fertilizers and Pesticides in States Bordering the Great Lakes |
| Status: |
Completed |
| Grantee: |
American Farmland Trust |
| Grant Amount: |
$373,000 |
| Award Date: |
December 14, 2001 |
| Contact: |
Brian Brandt |
| Phone: |
614-221-8610 |
| E-mail: |
bbrandt@farmland.org |
| Web: |
http://www.agflex.com/ |
| Category: |
Market Mechanisms for Environmental Improvement |
| Origination: |
General Guidelines |
American Farmland Trust?s Agricultural Conservation Innovation Center (ACIC) will work with a team of insurers, farm operators, farm advisers and state and federal farm agencies to improve Great Lakes water quality by providing risk management incentives that promote conservation practices to reduce fertilizer and chemical applications on agricultural lands within the basin. The team will develop and implement a set of risk management products (insurance policies or service warranties) that protect farmers against financial losses associated with lower crop yields due to reduced fertilizer and chemical inputs.Over the two-year life of the grant, adoption of these new risk management products is expected to reduce application of nitrogen by 6.3 million pounds, phosphorus by 10.4 million pounds, and organophosphates and fungicides by 44,000 pounds on agricultural lands within the basin. The project team will also evaluate the effectiveness of using risk management products as a tool to promote agricultural conservation practices and achieve Great Lakes environmental outcomes. |
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