I think there's really room for both and it depends on the type of landowner that you're talking about. Typically with the farming community, incentives are a much better way to go. Farmers already know what's happening on their properties. Many of them have been stewards of the land for years. They know what they should be doing. They want to do the right thing, but oftentimes the only piece of the puzzle that's missing is the financial resources to actually implement habitat conservation projects on their properties.
There is an important piece, though, with the regulatory approach. I guess the first thing is the listing process for species at risk. That's a trigger to open up funding pots to landowners who access funds that they wouldn't have available to them if they didn't have species at risk on their property—for certain pots of money, anyway.