Conservation easement

Toymaker

Farm Hand
Messages
76
Anyone ever done this with your farm? Good/bad?

Basically, offer is out there - we agree to not sub divide ever, keep property ag or woodlands, no commercial development and no additional residences to be built and state gives us 75% of current value.

Considering my land is family owned/passed down, I have zero interest in ever selling and development is a remote chance at best...seems good.

Allows me to retain ownership, transfer to anyone I wish in future - including a conservation group who would give an annuity in exchange for deed later in life if I dont have anyone to take over, and ensure prior generations wishes are respected - all while cashing out some value now.
 
kneedeep

kneedeep

Farm Hand
Messages
40
I have considered doing the same to my acreage. Son not interested at the present. Lot of sweat equity in my acres and it shows.
 
 
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