Economic Considerations. (1) At a minimum, the ranking process should include the following cost considerations: (i) Estimated easement or 30-year contract cost per acre, if appropriate. (ii) Estimated restoration costs. (iii) Partnership contributions that reduce NRCS costs will be reflected positively in the ranking process. The State Conservationist must ensure NRCS has financial control for the full amount of funding. When a landowner or other entity is offering to contribute funds for a part of the projected restoration or easement costs, the part being pledged to the program as a means of receiving favorable ranking, must be under NRCS financial control. (iv) A cost-benefit comparison. Applications that have a lower cost per environmental benefit ratio will receive higher rankings. (v) Potential near- and long-term management, repair, replacement, or operation and maintenance costs. (2) During the ranking process, cost factors may be estimated using comparable market value, geographic area rate caps, landowner offers, established restoration costs, and pledged partner contributions.
Appears in 4 contracts
Samples: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement
