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Conservation Easements
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<blockquote data-quote="john250" data-source="post: 256577" data-attributes="member: 4406"><p>I haven't seen a lot of Conservation Easements, but from my limited knowledge the sellers of the easement are fully aware of what they are giving away in development rights. Any subsequent buyers of a property with an easement would be aware of that easement and the price paid would reflect that knowledge. </p><p></p><p>Honda is building a new factory at Greensburg, IN. Big project, and it will lead to rebuilding an interchange on I-74. Quoted in the Indy Star, a man who owns 70 acres which would be taken for the interchange said he has the papers ready for signing to put a Cons. Easement on the land. Says the land is too good to be paved. (He's right. Soils there are in the top 10% of the planet.) </p><p></p><p>I guess I kinda like the notion that some folks are willing and able to pass on the money. Wish I was among them. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> </p><p></p><p>The better way to preserve farms is to make farming profitable.</p></blockquote><p></p>
[QUOTE="john250, post: 256577, member: 4406"] I haven't seen a lot of Conservation Easements, but from my limited knowledge the sellers of the easement are fully aware of what they are giving away in development rights. Any subsequent buyers of a property with an easement would be aware of that easement and the price paid would reflect that knowledge. Honda is building a new factory at Greensburg, IN. Big project, and it will lead to rebuilding an interchange on I-74. Quoted in the Indy Star, a man who owns 70 acres which would be taken for the interchange said he has the papers ready for signing to put a Cons. Easement on the land. Says the land is too good to be paved. (He's right. Soils there are in the top 10% of the planet.) I guess I kinda like the notion that some folks are willing and able to pass on the money. Wish I was among them. :) The better way to preserve farms is to make farming profitable. [/QUOTE]
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