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You don't think the wealthy landowners could hire someone to protect their investment?
This makes absolutely no sense in the context of a conservation tax credit.
Without government to support deeds and legal land ownership, people would hire others to protect and enforce their land boundaries themselves.
Which is essentially anarchy. The problem with that is the person with the bigger, better armed force is the one who owns all of the land. Would you buy land from someone else knowing that sooner or later the guy down the street with the tank is going to take it from you? What you propose is nothing more then 1990s Somalia.