PERC Research Fellow, Shawn Regan, spoke with Cato Daily Podcast host Caleb Brown about conservation leases on federal lands. Conservationists historically have not been a part of the conversation when it comes to leasing federal lands, but should they be? In this episode, Regan discusses ways to employ market mechanisms to resolve conflicts over resource management. How to determine the length of such a lease, the impact on energy royalties, and how to define beneficial use are implications considered and discussed.