Must an applicant have a formal appraisal prepared as a component of a proposal for purchase of an agricultural conservation easement?
Applicants are strongly encouraged to include a formal appraisal as part of their application. Applicants may choose to submit an application without a complete formal appraisal if agricultural conservation easement values in the project area have been well established by other, similar easement purchases. However, the appraisal must be completed and submitted to the Department before an approved grant may have funds released. Funding decisions may be delayed until such an appraisal has been completed. If the proposal is accepted for funding, the CFCP may fund up to the appraised value of the easement, or the accepted estimate provided in the grant application (providing that minimum match requirements are attained).
Related Questions
- Must an applicant have a formal appraisal prepared as a component of a proposal for purchase of an agricultural conservation easement?
- How much will a "participating" landowner be paid for a conservation easement or purchase in fee simple?
- How is the value of the agricultural land conservation easement determined, and by whom?
