Thursday, October 10, 2013
The New York Times looks at some of the unintended consequences of conservation easements designed to prevent agricultural land from being developed:
Easements are intended to protect farmland, water, animal habitat, historic sites and scenic views, and so they are successful in keeping farms from becoming malls and subdivisions. But they don’t stop Wall Street bankers from turning them into private getaways, with price tags to match.
Few bankers farm; long days with little pay lack appeal. A new report by the National Young Farmers Coalition, a group we helped start, reveals that one-quarter of the land trusts that oversee these conservation easements have seen protected land go out of production. Why? A nonfarmer had bought it.