conservation easement


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conservation easement

A voluntary restriction on land preventing development on the property in order to retain its natural condition.The restriction will remain on the property for all subsequent property owners unless it can be successfully removed by court order or by agreement of all affected parties. See easement.
References in periodicals archive ?
ALE funds are available to land trusts, non-governmental organizations, local and state governments, and tribes that have existing programs to purchase conservation easements that protect the agricultural use and conservation values of privately owned land.
Native American Tribes, state and local governments and non-governmental organizations that have farmland or grassland protection programs are eligible to partner with NRCS to purchase conservation easements.
Based on the value of the relinquished use, the appraiser valued Esgar's conservation easement at $570,500, the Holmeses' at $867,500, and the Tempels' at $836,500.
This role is essentially equivalent to the OLT's conservation director, but on a national scale; it includes the development and stewardship of conservation easements, coordinating with government agencies and other conservation groups, managing land staff, and a whole lot of grant writing and fundraising to sustain the program.
A prime point here is that a land trust can tailor a conservation easement to individual situations and goals.
Lexington-Fayette Urban County Government developed the first agricultural conservation easement program by a local government.
Put your ranch under a conservation easement, which restricts development of the land and lowers its taxable value.
Additionally, analysis of past private letter rulings, while not available as precedent for future determinations, provides valuable insight into how to structure a qualified conservation easement.
Forest Service uses some of it to purchase lands for its own management and some to buy conservation easements on private lands.
Since 1986, the Service reports that it has received at least 1,400 conservation easement and fee-simple farmlands covering 132,000 acres, but the actual number is unknown because the Service's records are incomplete.
There is a heightened demand for real estate appraisal services among land trust officials pertaining to conservation easement donations.

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