Dear Editor,
I just read an article in an ag newspaper out of South Dakota about a recent proposal by the SEC (Securities & Exchange Commission) that would allow a new type of company with rights to own and control public and private lands in the U.S. to be listed on the NYSE. This control would include National Parks, game refuges, BLM, USFS, agricultural land (both farming and rangeland) and private conservation easements, literally much of the U.S.!
These NAC’s (Natural Asset Companies) would not only hold rights to AND management of forests, wetlands, farm and rangeland, coral reefs, etc., but management would not be based on traditional accounting and returning profits to shareholders. These NAC’s would be managed for “natural processes” and prioritizing “conservation” and “sustainable practices”. (Pretty vague and dangerous terms!) In other words, these companies could read more
