What are the tax benefits of voluntary farmland conservation agreements?
Depending upon each situation, the placement of a voluntary farmland conservation agreement on land may provide income, property, and estate tax benefits. In most cases the degree of benefit is influenced by a landowner’s willingness and ability to make charitable donations on all or a portion of the development value. This is in addition to the reduction of the value of land resulting from the conservation agreement itself. For more information, consult a tax advisor.
