Got good dirt? Grant funds available.
I’m writing today to alert you to a potentially important opportunity for yourself, your family and your land. A Federal agency has grant money available to compensate property owners for putting conservation easements on land with good agricultural soils. In addition to a cash compensation from the Federal grant, State tax credits are also available which can either be used or sold by the easement donor.
What’s a conservation easement, you ask?
Quite simply, it’s a voluntary agreement between a landowner and public agency (such as the Easement Authority) that enables individuals to retain ownership of their land, while creating a plan for its future use and development.
The amount of compensation you could receive would be based on your income and the property’s appraised value. Since the Authority’s founding in 2003, it has accepted easements on 75 properties – ten of which have been purchased using these grant funds. Those purchases ranged in value from $131,500 to $716,500, depending in general on the number of development rights retired.
Please contact Alison Teetor for more information!