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Conservation easment purchase
#2957141
11/15/19 07:57 PM
11/15/19 07:57 PM
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Joined: Oct 2009
Posts: 5,689 Henry county
coldtrail
OP
12 point
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OP
12 point
Joined: Oct 2009
Posts: 5,689
Henry county
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Just saw a piece of land for sale with a conservation easment attached. It looked like you would be very limited on what you could do with the land. Why would someone lock there land down like this? Why would anyone want to buy this? Kind of like a home owners association.
"And the days that I keep my gratitude Higher than my expectations Well, I have really good days" Ray Wylie Hubbard
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Re: Conservation easment purchase
[Re: coldtrail]
#2957154
11/15/19 08:01 PM
11/15/19 08:01 PM
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Joined: Aug 2001
Posts: 63,830 Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,830
Luverne, AL
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Numerous reasons for putting land in a conservation easement, but you can do a lot with the land regardless of the easement. In most cases a conservation easement increases the value of the land and provides the owner with a multitude of tax breaks, even tax credits which pay the landowner. Many folks buy easement land knowing they will get cash back every year like a dividend.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Conservation easment purchase
[Re: coldtrail]
#2957157
11/15/19 08:02 PM
11/15/19 08:02 PM
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Joined: Oct 2008
Posts: 30,910 Clanton, AL
Out back
Grumpy Old Man
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Grumpy Old Man
Joined: Oct 2008
Posts: 30,910
Clanton, AL
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Some people choose to lock it down with a conservation easement so their heirs won't be able to clear cut it and sell it. All too often, the kids get the land and immediately have dollar signs dancing in their heads. For someone who wishes to protect family land and keep it from being raped, paved and cut up, the conservation easement might be appealing.
My opinions and comments are my own. They do not reflect the position or political opinions of Aldeer or any of the Aldeer administration.
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Re: Conservation easment purchase
[Re: coldtrail]
#2957163
11/15/19 08:05 PM
11/15/19 08:05 PM
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Joined: Aug 2001
Posts: 63,830 Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,830
Luverne, AL
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Also, some of the WRP (Wetland Restoration Program) easements have just in a short amount of time created the most incredible duck and fishing habitat land in the world.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Conservation easment purchase
[Re: hallb]
#2957165
11/15/19 08:07 PM
11/15/19 08:07 PM
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Joined: Aug 2001
Posts: 63,830 Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,830
Luverne, AL
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Or you just make a bunch of money when you do the original conservation easement so you don't really care. Plus you know that the land can still be used and managed as hunting property, which sells a bunch of land already anyways. And yes, the landowner gets a big fat check. So what Outback, and hallb said are also correct.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Conservation easment purchase
[Re: Out back]
#2957167
11/15/19 08:07 PM
11/15/19 08:07 PM
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Joined: Jul 2011
Posts: 34,445 Boxes Cove
2Dogs
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 34,445
Boxes Cove
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Some people choose to lock it down with a conservation easement so their heirs won't be able to clear cut it and sell it. All too often, the kids get the land and immediately have dollar signs dancing in their heads. For someone who wishes to protect family land and keep it from being raped, paved and cut up, the conservation easement might be appealing. That's nothing you couldn't do in a irrevocable trust.
"Why do you ask"?
Always vote the slowest path to socialism.
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Re: Conservation easment purchase
[Re: 2Dogs]
#2957175
11/15/19 08:17 PM
11/15/19 08:17 PM
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Joined: Aug 2001
Posts: 63,830 Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,830
Luverne, AL
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Some people choose to lock it down with a conservation easement so their heirs won't be able to clear cut it and sell it. All too often, the kids get the land and immediately have dollar signs dancing in their heads. For someone who wishes to protect family land and keep it from being raped, paved and cut up, the conservation easement might be appealing. That's nothing you couldn't do in a irrevocable trust. Yes that is also correct, but the landowner gets a big fat check tax free, and the land can be sold at a higher price later. So it's a choice landowners and families have. Irrevocable trusts don't make any money.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Conservation easment purchase
[Re: Skinny]
#2957181
11/15/19 08:22 PM
11/15/19 08:22 PM
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Joined: Jul 2011
Posts: 34,445 Boxes Cove
2Dogs
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 34,445
Boxes Cove
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Some people choose to lock it down with a conservation easement so their heirs won't be able to clear cut it and sell it. All too often, the kids get the land and immediately have dollar signs dancing in their heads. For someone who wishes to protect family land and keep it from being raped, paved and cut up, the conservation easement might be appealing. That's nothing you couldn't do in a irrevocable trust. Yes that is also correct, but the landowner gets a big fat check tax free, and the land can be sold at a higher price later. So it's a choice landowners and families have. Irrevocable trusts don't make any money. Of course a irrevocable trust can make money , they just don't get a guvment check for NOT doing something or a tax break for NOT doing something. I don't know that it's not possible to have land in a irrevocable trust and the trust in a conservation easement.
"Why do you ask"?
Always vote the slowest path to socialism.
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Re: Conservation easment purchase
[Re: coldtrail]
#2957323
11/15/19 09:42 PM
11/15/19 09:42 PM
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Joined: Aug 2001
Posts: 63,830 Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,830
Luverne, AL
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Now it gets into lawyer ball territory. For some landowners it may not be best to do either.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Conservation easment purchase
[Re: ronfromramer]
#2957526
11/15/19 11:47 PM
11/15/19 11:47 PM
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Joined: Jun 2016
Posts: 5,509 Luverne
tbest3
12 point
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12 point
Joined: Jun 2016
Posts: 5,509
Luverne
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One of the properties we lease is on WRP. It is black belt prairie creek bottom that was pasture land with a good size creek running the length of the property. WRP paid the landowner a large chunk of $$$, built 2- 5 acre drainable duck ponds, graded and rocked all of the creek crossings. They let us set aside 5% of the acreage where we wanted to for food plots. The whole property was then planted in trees, mostly hardwood, some longleafs pine and a little loblolly. The whole place is now a bedding area and holds a lot of deer, lots of rabbits and turkeys are nesting on it and stay in the 2 acre chufa patch we plant. Been a sweet deal so far for landowner and us and the habitat gets better every year. He got a lot more upfront than he would have made running cows on it like he'd done for years and all he has to do is figure out what to spend his money on and do a little bush hogging and we do most of that Damn, wish I could get something similar done on our place.
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Re: Conservation easment purchase
[Re: ronfromramer]
#2957599
11/16/19 07:11 AM
11/16/19 07:11 AM
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Joined: Jul 2011
Posts: 34,445 Boxes Cove
2Dogs
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 34,445
Boxes Cove
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One of the properties we lease is on WRP. It is black belt prairie creek bottom that was pasture land with a good size creek running the length of the property. WRP paid the landowner a large chunk of $$$, built 2- 5 acre drainable duck ponds, graded and rocked all of the creek crossings. They let us set aside 5% of the acreage where we wanted to for food plots. The whole property was then planted in trees, mostly hardwood, some longleafs pine and a little loblolly. The whole place is now a bedding area and holds a lot of deer, lots of rabbits and turkeys are nesting on it and stay in the 2 acre chufa patch we plant. Been a sweet deal so far for landowner and us and the habitat gets better every year. He got a lot more upfront than he would have made running cows on it like he'd done for years and all he has to do is figure out what to spend his money on and do a little bush hogging and we do most of that I don't think what you're dealing with there is a conservation easement. Sounds like someone taking full advantage of Guvment programs. CRP, WRP , cost shares for this or that is a whole nother animal.
"Why do you ask"?
Always vote the slowest path to socialism.
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Re: Conservation easment purchase
[Re: coldtrail]
#2957606
11/16/19 07:25 AM
11/16/19 07:25 AM
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Joined: Feb 2014
Posts: 5,071 Your Lock-on
Whild_Bill
Crawfishing Asshat
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Crawfishing Asshat
Joined: Feb 2014
Posts: 5,071
Your Lock-on
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Landowner does not get a big fat check. They get a tax credit that is based on an appraisal of what the land would be worth if it were to be developed. Future value. The tax credit can be used by the owner or sold to others looking for tax credits.
We Just Know What Works For Us
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Re: Conservation easment purchase
[Re: Whild_Bill]
#2957616
11/16/19 07:39 AM
11/16/19 07:39 AM
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Joined: Jul 2011
Posts: 34,445 Boxes Cove
2Dogs
Freak of Nature
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Freak of Nature
Joined: Jul 2011
Posts: 34,445
Boxes Cove
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Landowner does not get a big fat check. They get a tax credit that is based on an appraisal of what the land would be worth if it were to be developed. Future value. The tax credit can be used by the owner or sold to others looking for tax credits. Yep, you get big tax credits and breaks for not doing something like, developing or mining . You can use the land in any way you want , you just can't do whatever you've agreed not to do. It is usually works out well for folks that are in very high tax situations. They get big tax breaks for not doing something they weren't going to do anyway.
"Why do you ask"?
Always vote the slowest path to socialism.
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Re: Conservation easment purchase
[Re: 2Dogs]
#2957651
11/16/19 08:18 AM
11/16/19 08:18 AM
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Joined: Nov 2011
Posts: 21,783 USA
Remington270
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 21,783
USA
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Landowner does not get a big fat check. They get a tax credit that is based on an appraisal of what the land would be worth if it were to be developed. Future value. The tax credit can be used by the owner or sold to others looking for tax credits. Yep, you get big tax credits and breaks for not doing something like, developing or mining . You can use the land in any way you want , you just can't do whatever you've agreed not to do. It is usually works out well for folks that are in very high tax situations. They get big tax breaks for not doing something they weren't going to do anyway. Yep. But you can’t EVER subdivide it, or develop it in any way. It’s easy to say you never do that, but then a big 4-lane ends up coming through and you’re stuck with $800/acre land that could’ve been worth 10x that. And you have to ask permission before you cut down trees on your own property. I’m not kidding.
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Re: Conservation easment purchase
[Re: coldtrail]
#2957659
11/16/19 08:26 AM
11/16/19 08:26 AM
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Joined: Oct 2009
Posts: 5,689 Henry county
coldtrail
OP
12 point
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OP
12 point
Joined: Oct 2009
Posts: 5,689
Henry county
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So you're basically sellling your freedom and rights to do what you want to your property. Makes me wonder ehat other righrs people would put on the market. 2nd Amendment?
The dems are buying if people are selling.
"And the days that I keep my gratitude Higher than my expectations Well, I have really good days" Ray Wylie Hubbard
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