Native vegetation management has become an issue of increasing community concern. Various initiatives have been established to address regional and state wide land degradation issues thus placing increasing pressure on land managers to develop sustainable native vegetation management solutions. A great deal of literature has been produced identifying various aspects of the economics of native vegetation management. In spite of this however, it has been suggested that land managers are still not making socially optimal decisions in regards to the management of native vegetation. This paper identifies the economic issues behind native vegetation management, provides a literature review of existing methodologies, and discusses some deficiencies with existing approaches in providing land managers with better information on which to base decisions. The paper then discusses some of the policy implications consequent to these deficiencies and proposes a general approach which attempts to overcome some of these problems.