All About Conservation Easements: How to Protect Ranch Estates for Future Generations

farmersFew resources on this planet today are more important than the land itself. As populations and commercial businesses continue to grow, protecting large property ranch estates is important for the conservation of U.S. water, wildlife, and wilderness spaces. That’s one reason why conservation easements were first established hundreds of years ago and continue to be effective today. Learn more about how conservation easements work and their benefits for governments and landowners alike.

What is a conservation easement?

A conservation easement is a voluntary donation or sale of private property to a government agency that allows the resources of the land to receive federal protection from further developments. The public benefits of the land — such as water access, wildlife habitation, farm and ranch property rights, outdoor recreation uses, etc. — are safeguarded against future subdivisions or developments for as long as the property remains privately owned.

What are the benefits of conservation easements for landowners?

Conservation easements give private property owners a generous estate tax incentive, which allows land to be passed from generation to generation fully intact. Sometimes, the prohibitive cost of estate taxes can cause parts of ranch estates to be subdivided and sold off — but with an easement, property heirs can exclude up to 40% or $500,000 worth of land from their tax claims.

What does the government get in return?

Every conservation easement is created on terms and agreements specific to the land itself. For example, a ranch with land bordering a national or state park can serve as a “buffer” zone for the migrating wildlife that roams the area. A lakefront property, on the other hand, might benefit from an easement that allows for water preservation or fishing tourism.
Source:  sportsafieldtrophyproperties.com

Like More Information? Contact Us Here.

  • Which property is this about?
  • This field is for validation purposes and should be left unchanged.