Conservation Easement
Conservation Easement
What a conservation Easement is:
A conservation easement is a voluntary legal agreement between a landowner and a government agency or private land trust that permanently restricts the use of the land for conservation purposes. For agricultural conservation easements, that purpose is continued agricultural use.
What a conservation easement does:
- Protects the land in perpetuity and contributes to a lasting legacy
- Provides a means of estate planning or passing the land on to the next generation
- May provide tax benefits to the landowner
- Provides revenue to pay down debt, buy equipment, purchase additional land or reinvest in the farm
What a conservation easement does not do:
- Limit the ability of the landowner to transfer, sell, lease, or rent the property
- Require the property to be open to the public