How much money is offered for the easement?

The value of the easement is the difference between the appraised "market" value of the farm and the value of the farm deed-restricted under this program. For example, if a farm is worth $8,000 per acre to a developer, and, based on comparable sales, the farm has been determined to be valued at $3,000 per acre after it is deed-restricted, the value of the development easement would be $5,000 per acre. The value is determined by the State Agriculture Development Committee (SADC) based upon two independent appraisal reports.

Show All Answers

1. What is an Agricultural Development Area?
2. What is an agricultural district?
3. What is a development easement?
4. How does a person apply to this program?
5. Is this a County or State program?
6. How are the applications evaluated?
7. How long does the application process take?
8. How is a farm restricted after the development easement has been sold?
9. Is the land still privately owned after the development easement is sold?
10. How much money is offered for the easement?
11. It is a competitive process?
12. How are the applications funded?