Protecting biodiversity on private land is an important and growing part of global conservation efforts. Revolving funds are used by conservation organisations to buy, resell and permanently protect private land with important ecological values. By reinvesting proceeds from sales in additional properties, revolving funds offer a potentially cost-effective way to protect biodiversity. Their success requires managers to choose properties that can be resold and recover costs, with resale outcomes having consequences for subsequent acquisitions. However, revolving fund property selection is a multi-dimensional decision, influenced by various ecological, social and financial considerations. In conjunction with revolving fund managers, we developed a Bayesian Belief Network (BBN) to understand which factors they consider to be the most influential on a propertyʼs suitability for acquisition, and how much to pay for it. Sensitivity analysis revealed that managers perceive property suitability to be heavily influenced by the threat to the propertyʼs ecological values, the acquisition and ongoing management costs, and finding alternative options for protection. Amenity values were seen to heavily influence property resale. Threat and alternative options influence how much to pay, but most influential was the balance of the fund when the purchasing decision is made. Our results suggest managers are taking a low risk approach to property selection. Opportunities may exist to apply revolving funds to higher risk properties otherwise difficult to conserve, provided the need for resale is still met. Ensuring revolving funds target properties with suitable attributes could increase the contribution of this tool to conserving biodiversity on private land.
Biological Conservation – Elsevier
Published: Apr 1, 2018
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera