Extend existing tax credits for permanent easements beyond 2008 to keep forested land forested.

Make carbon sequestration and greenhouse gas reductions more prominent parts of the farm bill. Suggestions:  

1. Tie greenhouse gas performance to commodity subsidies similar to sod and swamp-busting prohibitions.
2. Encourage planting of trees on conservation resource lands.
3. Analyze life-cycle greenhouse gas emissions of different biofuels and encourage those with lowest levels.

Create a crop insurance program to protect from crop losses those farmers who implement best management or innovative practices. Steps to implementation:  

1. Develop list of practices to be considered under insurance program.
2. Investigate sources of funding for insurance.
3. Determine methods for evaluating effectiveness of new practices.

Establish a National Commission on Taxes and Subsidies to: A.     Evaluate taxes and subsidies that exacerbate global warming and its effects on biodiversity and habitats B.     Recommend appropriate actions to align economic incentives with outcomes sought in NHESA (Action 15).

Commercial users of public resources should pay the full cost associated with the depletion or use of those resources - reflecting both market and nonmarket values. For example, decisions on providing access for timber and grazing uses should take into account not only financial costs but net impacts on ecological systems (positive as well as negative), including effects on water quality and biological diversity.

Legislative bodies at the federal, state, local, and tribal levels should extend tax credits and deductions to promote actions taken by property owners to enhance the long-term conservation value of their property beyond compliance with existing regulations.

Landowners who take conservation action beyond compliance with regulations, such as establishing habitat for endangered species, should not face penalties for returning to the regulated standard.

State, local, and tribal governments should identify habitats of particular ecological concern and establish impact fees or mitigation requirements to shift effects to regions of lower concern.

State and federal governments should establish, through general taxes or user fees on public resources, a trust fund to be used in purchasing particularly ecologically sensitive or valuable habitats.

The federal government should establish a revolving fund to enable local communities to undertake the planning required to develop incentive-based resource conservation programs.