paulsharvey
Elite Member
So, for a non-farmer, I kinda know in a really broad term, CPR and Conservation Easements, government or someone pays property owner to not farm/develop for a period of time... I'm looking for 10 or so acres, and have twice seen where a portion of the property was already in a 'conservation easement' and another was like 6 acres, but the neighboring parcel (not included in sale, was in conservation easement). So, what I'm wondering, without digging into every bit of paper work, what can and can't be done on these properties? Can you hunt, ride atvs, mow, have live stock, store equipment or materials? Is it basically not your propety for the contract period? If you do something forbidden and get caught, what then? Does USDA or local ag extension or someone come inspect it, to make sure your not using your land? Would you even consider buying property that already had these? Also, if it's in something like this, could it still be 'Bona fide' agricultural property for property taxes?
I know one of the answers will be: You have to read every detail of the contract; But, I would do that before a purchase, but I'm at the stage of wondering if it's worth looking at or no? I do get the concept; an org or investor buys property, probably at a tax sale, sells the easement or signs CPR, gets cash, and than in 10/20/30 years, after that expires property values have shot up, and they have a more or less, free piece to sell or develop.
I know one of the answers will be: You have to read every detail of the contract; But, I would do that before a purchase, but I'm at the stage of wondering if it's worth looking at or no? I do get the concept; an org or investor buys property, probably at a tax sale, sells the easement or signs CPR, gets cash, and than in 10/20/30 years, after that expires property values have shot up, and they have a more or less, free piece to sell or develop.
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