This report provides the first work product of a three-year project on innovative mechanisms for financing regenerative agriculture.

In 2016, USDA’s Natural Resources Conservation Service (NRCS) entered into an agreement with Encourage Capital to explore how NRCS might better use Farm Bill conservation funding to leverage private capital. This report is the culmination of many months of interviews, discussions and analyses that involved NRCS staff as well as external partners and stakeholders.