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Mark Twain said: "I have no respect for a man who can spell a word only one way." Well, the printed version of PERC Reports has an important word spelled more than one way! If you find it and are among the first 10 to contact me, you will receive a copy of The Rational Optimist by acclaimed author Matt Ridley. Matt will be at PERC in June discussing his new book and helping PERC celebrate its 30th anniversary.

Hope you enjoy the spring issue,
Laura Huggins, Editor
laura@perc.org

Web Exclusives
• Bogus Bidder: One Year Later
  by Shawn Regan

Features
• Grassfed Beef and the Politics of "Local"
• In Praise of the 10,000 Mile Diet
  by Hiroko Shimizu
• Banking on Colorado Water
  by Tom Iseman
• Living in the new wild west
  by Todd Graham
• Seagrass credits for sale
  by Kelly Westover
• Habitat credit trading
  by Todd Gartner
• Preserving Patagonian Grasslands and Gauchos
  by Carlos Fernandez and Andrea Nogues
• Farming for Fish
  by Julie Morgan

Columns
• On Target
  Enviropreneurs Expunge Externalities
  by Terry Anderson
• Tangents
  The importance of transferable ownership
  by Daniel Benjamin

Perspectives
• On the Lookout
  One Step Closer to Superfund Sanity
  by Jonathan Adler
• Greener Pastures
  – Trash cans twitter too
  – Paper company preserves trees
  – Water out of thin air
  by Linda Platts