purchase of development rights
play

Purchase of Development Rights Conservation Easements are the ONLY - PDF document

Purchase of Development Rights Conservation Easements are the ONLY way to preserve land forever Eric Keller Farm PDRs Do they affect land use decisions? Zoning Comprehensive Planning Permanent vs. Temporary decisions


  1. Purchase of Development Rights Conservation Easements are the ONLY way to preserve land forever Eric Keller Farm PDR’s – Do they affect land use decisions? • Zoning • Comprehensive Planning • Permanent vs. Temporary decisions • Preservation of “view sheds” 1

  2. Preservation of view sheds. . . . . .what are they worth? 2

  3. Will there be enough interest? Adams County’s 10,000 Acre Celebration May 19, 2002 Applications Received by Round Adams County Agricultural Land Preservation Program 120 100 80 60 40 20 0 Rnd 1 Rnd 2 Rnd 3 Rnd 4 Rnd 5 Rnd 6 1990 1990 1991 1993 1998 2001 3

  4. Preserved Lands of Adams County 12,187 Acres Preserved (County program) 1,338 Acres Preserved (Land Trust) 13,000 Acres of Outstanding Applications Why would landowners want to preserve their land? • Financial Incentive 4

  5. What is an easement worth? Fair Market Value $ 10,000 / Acre Farmland Value - $ 6,000 / Acre Easement Value $ 4,000 / Acre Pennsylvania Easement Values Range from $600 to $15,000 / Acre Adams County Easement Values Range from $1,025 to $ 11,400 / Acre Adams County Values Fair Market Value Ranges from $2,149 to $12,920 Agricultural Value Ranges from $960 to $2,000 / Acre Easement Value Ranges from $1,025 to $ 11,400 / Acre Easement Value actually paid Ranges from $1.00 to $2,637 5

Recommend


More recommend