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Conservation Easements
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<blockquote data-quote="simme" data-source="post: 1816158" data-attributes="member: 40418"><p>An example of a conservation easement contract for a property in my area. This one covered 121 acres and was done in 2010. Owner was paid about $290,000 which is about @2400/acre. That was a little after the 2008 major recession so prices may have been lower due to the economy. The owner lived on the property, but the house and an acre of land were not included in the easement. Terms of the easement say no houses can be built. Can't add chicken houses. The owner sold the farm (not including his house) about 8 years later. Due to the restrictions, there was not a lot of interest. No one could purchase and move to the property since they could not add a house to the property. An old small barn was not suitable for use. It sold to a farmer who owned the adjacent pasture. He just used the property as an expansion of his pasture. I think it sold for $2500/acre.</p><p></p><p>Notice the $290,000 came from the taxpayers. Farmers here purchase land, enter it into the conservation easement program and end up with a greatly reduced cost of purchase thanks to the government contribution. To me, just another example of bad policy of a government with out of control spending.</p></blockquote><p></p>
[QUOTE="simme, post: 1816158, member: 40418"] An example of a conservation easement contract for a property in my area. This one covered 121 acres and was done in 2010. Owner was paid about $290,000 which is about @2400/acre. That was a little after the 2008 major recession so prices may have been lower due to the economy. The owner lived on the property, but the house and an acre of land were not included in the easement. Terms of the easement say no houses can be built. Can't add chicken houses. The owner sold the farm (not including his house) about 8 years later. Due to the restrictions, there was not a lot of interest. No one could purchase and move to the property since they could not add a house to the property. An old small barn was not suitable for use. It sold to a farmer who owned the adjacent pasture. He just used the property as an expansion of his pasture. I think it sold for $2500/acre. Notice the $290,000 came from the taxpayers. Farmers here purchase land, enter it into the conservation easement program and end up with a greatly reduced cost of purchase thanks to the government contribution. To me, just another example of bad policy of a government with out of control spending. [/QUOTE]
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