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Conservation easement boundary sign. In the United States, a conservation easement (also called conservation covenant, conservation restriction or conservation servitude) is a power invested in a qualified land conservation organization called a "land trust", or a governmental (municipal, county, state or federal) entity to constrain, as to a specified land area, the exercise of rights ...
Landowners may also sell or donate a conservation easement to a land trust. [citation needed] A landowner that donates a conservation easement to a land trust gives up some of the rights associated with the land. For example, the landowner might give up the right to build additional structures, while retaining the right to grow crops.
The conservation easement binds the landowner to uphold the requirements of the conservation bank. [1] Another advantage is that purchasing credits from a conservation bank ensures that species and/or habitat protection is already in place before the impact occurs. In addition, liability for habitat and species mitigation success is shifted to ...
Finnegan is a retired state employee who worked in the state court system for decades and served as a bail commissioner for many years. He has a law degree and a master’s degree in public ...
The easement contains pipes that supply water to 360,000 residents. The problem is that those pipes are now nearly 100 years old, so a rupture could happen at any time, resulting in untold damages.
The Forest Legacy Program was established in the 1990 United States farm bill to protect environmentally important forest lands that are threatened by conversion to nonforest uses. It provides federal funding for conservation easements and fee simple purchases.
Biodiversity banks and the credits that are generated from them rely on regulations and legal frameworks. When establishing a biodiversity bank, a legal arrangement, such as a conservation easement (also known as a conservation covenant) might be required to set aside the land for conservation and prevent the use of the land for development, either in perpetuity or for a specified time period ...
Conservation easement is one approach used to manage protected farms. There are different government programs that invest in conservation easement of farmlands, one program is run by the U.S. Department of Agriculture. It is known by the abbreviation ACEP, which stands for the Agricultural Conservation Easement Program.