Between 2014 and 2021, the Agricultural Land Easement (ALE) program invested $109 million in protecting 289,000 acres of Montana farm and ranch land, making Montana the leading state in conservation easements. Using the impact analysis of agricultural easements in Colorado (see #6 above) as a model, this report calculates the economic impact of Montana’s land conservation. ALE financing from 2014-2021 yielded $1.89 in economic activity for every dollar invested, producing a total economic impact of $182 million, supporting 1,057 local jobs, and contributing $99 million to the state’s GDP.