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  • A monarch butterfly sips nectar from swamp milkweed flower. (Bay...

    Bay Area News Group Archives

    A monarch butterfly sips nectar from swamp milkweed flower. (Bay Area News Group Archives)

  • A monarch butterfly feeds on a flower at the Pacific...

    A monarch butterfly feeds on a flower at the Pacific Grove Monarch Sanctuary on Monday November 21, 2016. David Royal - Monterey Herald)

  • Monarch butterflies clump together on cyprus trees at the Pacific...

    Monarch butterflies clump together on cyprus trees at the Pacific Grove Monarch Sanctuary on Monday November 21, 2016. David Royal - Monterey Herald)

  • A monarch butterfly feeds on a bottlebrush flower at the...

    A monarch butterfly feeds on a bottlebrush flower at the Pacific Grove Monarch Sanctuary on Monday November 21, 2016. David Royal - Monterey Herald)

  • Thousands of Monarch butterflies cluster on Eucalyptus tree limbs at...

    Thousands of Monarch butterflies cluster on Eucalyptus tree limbs at Ardenwood Historic Farms in Fremont, Calif. on Nov. 25, 2011. Over 4,000 Monarch butterflies have taken up in the Eucalyptus grove at the farm for the winter. (Anda Chu/Staff)

  • Monarch Butterflies are nestled in the trees above Natural Bridges...

    Monarch Butterflies are nestled in the trees above Natural Bridges State Park in Santa Cruz on Sunday afternoon during the 36th annual Welcome Back Monarch Day. (Kevin Johnson -- Santa Cruz Sentinel)

  • A monarch butterfly takes flight after being released by Diane...

    A monarch butterfly takes flight after being released by Diane Rose Monday. (Shmuel Thaler -- Santa Cruz Sentinel)

  • Monarch butterflies spread their wings as the temperature warms Monday...

    Bay Area News Group archives

    Monarch butterflies spread their wings as the temperature warms Monday prior to being released into nature. (Shmuel Thaler -- Santa Cruz Sentinel)

  • Monarch butterflies will be the subject of an Oct. 23...

    Monarch butterflies will be the subject of an Oct. 23 presentation at the Alameda Free Library's main branch. Migration, food and habitat of the monarch butterfly will be discussed. No registration is required. For information, call 510 544-3187.

  • Diane Rose checks in on some of the 100 monarch...

    Diane Rose checks in on some of the 100 monarch butterflies she raised from catapillars that she released into nature at her Live Oak home Monday afternoon .(Shmuel Thaler -- Santa Cruz Sentinel)

  • A single Monarch butterfly perches on a branch at Berkeley...

    A single Monarch butterfly perches on a branch at Berkeley Aquatic Park, Tuesday, Nov. 24, 2015, in Berkeley, Calif. (D. Ross Cameron/Bay Area News Group)

  • Two monarch butterflies at the Monarch Grove Sanctuary. A new...

    Two monarch butterflies at the Monarch Grove Sanctuary. A new study says monarchs face possible extinction within the next 35 years. (David Royal - Monterey Herald file)

  • A monarch butterfly flies in the air on Sunday at...

    A monarch butterfly flies in the air on Sunday at the 17th annual Butterfly and Bird Festival at Coyote Hills Regional Park in Fremont.Photo by James Sakane

  • The U.S. Fish and Wildlife Service will consider giving monarch...

    Bay Area News Group Archives

    The U.S. Fish and Wildlife Service will consider giving monarch butterflies protection under the Endangered Species Act. (Shmuel Thaler -- Santa Cruz Sentinel)

  • Monarch at Pacific Grove

    Monarch at Pacific Grove

  • A Monarch butterfly (Danaus plexippus) is seen in this undated...

    A Monarch butterfly (Danaus plexippus) is seen in this undated photo.

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The recent news of the western monarch butterfly population decline is disheartening. How could we let this iconic orange and black butterfly – numbering over 10 million just a few decades ago – plummet to fewer than 300,000 today?

The 97 percent population decline puts the monarch dangerously close to extinction, and the eastern population is on a similar trajectory. We have to act fast to change the course.

Fortunately, there is a new wildlife solution that taps into the sharing economy to create new habitat for butterflies.

Analysis from the U.S. Geological Survey found that 1.8 billion new milkweed stems are needed to recover the monarch. Monarchs need milkweed to lay their eggs and for their caterpillars to feed on.

The plant has long found a foothold in both native prairie habitats and in disturbed habitats like roadsides, ditches, cemeteries, and even in the middle of cornfields. But the monarch is losing this foothold due largely to the virtual elimination of weeds across the agricultural landscape.

While citizen efforts to plant milkweed in backyard gardens is certainly helpful, it’s not enough. We need to target sizeable investments in projects of scale.

There is a massive untapped reservoir of conservation potential on America’s farms and ranches. It’s time we invest in farmers and ranchers who already manage much of the habitat appropriate for milkweed. They are in a perfect position to restore and enhance this vital habitat.

Restoration efforts are now being designed with these stewarding landowners in mind.

Farmers and ranchers from California to Texas to Missouri now have the opportunity to participate in an emerging program called the Monarch Butterfly Habitat Exchange, which rewards them for restoring and enhancing monarch habitat in field edges, buffer zones, marginal lands and rangelands – areas that would not decrease productivity.

Restoring prairie habitat can actually increase productivity by improving pollination of crops, water filtration and carbon sequestration.

The program was designed by my colleagues at Environmental Defense Fund (EDF) in collaboration with conservation, academic, agricultural and agency stakeholders. It has been compared to an “Airbnb for butterflies” as it effectively crowdsources participation of landowners across the country to make good homes for monarchs along the eastern and western migration routes.

It’s exactly the kind of innovation in science and technology that will help us meet ambitious goals and drive equally ambitious investments in monarch recovery at the scale and pace needed.

There are opportunities for both private and public investment in the Exchange, and both sectors are already stepping up in big ways.

Citizen donors, including EDF members and other concerned individuals, have already contributed more than $70,000 to fund credit projects through the Exchange. It’s inspiring, but not too surprising, since one survey found that U.S. households are willing to pay  $4.78–$6.64 billion for monarch conservation efforts. We need this level of public-sector interest and financial support to reach the 1.8 billion milkweed stems goal.

From the private sector, one major food company is lined up to fund a sizeable monarch conservation project this fall, and the opportunity is ripe for other food, chemical and seed companies to invest in monarch recovery and avoid a future listing.

The U.S. Fish and Wildlife Service has until June 2019 to determine whether Endangered Species Act protection for the butterfly is warranted, but we can’t wait until then to move toward recovery goals.

We have the tools we need to save the monarch butterfly from extinction. We need the willingness to act and invest.

David Festa is senior vice president of ecosystems programs at Environmental Defense Fund. He is based in San Francisco. He wrote this for The Mercury News.