I am attempting to write a paper analyzing the effects of the federal
Farmland Protection Program. I found the USDA report on Partial
Interests in Land and another report dealing with conservation
easements. These both dealt mainly in tax laws and held that most of the
program is run on a case by case scenario. I called up a friend who runs
a non-profit in southern Ohio to help me clear up some confusion on the
dispersal of funds and easements. She said that there are differences in
conserving lands for preservation and conserving it for farmland, and
that those differences are apparent in the tax breaks. Does anyone have
personal story concerning land actually saved from development? And, is
it true that an easement can be bought for a period of time, say 10
years, and then have the land come up for development at a time when the
prices are higher, thereby furnishing a shelter to place farmland in
until the optimum price is available? I heard a rumor that this was a
possible misuse of easements. Being un-versed in tax law or real estate
law, I ask for anecdotes or leads.
Thanks,
H.M.Curtis
curtis.98@osu.edu
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