Conservation Buyers

A conservation buyer is a private individual or a group of individuals who 1) buy property primarily to protect its resource values, or 2) buy property already restricted by a perpetual conservation easement. In the first case, the conservation buyer typically donates an easement to a land trust (or sells it to a government program) after acquiring the property, takes advantage of the tax benefits, and then resells the land on the private market at a reduced value because some or all of the development rights have been removed. The ultimate buyer of the restricted property is someone interested in the non-development use of the property, e.g. a farmer or forester, a sportsman looking for hunting and fishing sites, a couple seeking a rural estate for retirement, an equestrian operation, or a nonprofit organization involved in habitat restoration or environmental education.

Local land trusts are beginning to develop conservation buyer programs to identify and connect conservation buyers with valuable resource properties as they go on the market. Land trusts do not act as brokers in these deals but rather work with local real estate agents who understand the mutual benefits. Sometimes the land trust itself purchases the land, reserves an easement and resells it to someone wishing to own a protected property. Alternatively the land trust may create a new private entity, such as a Limited Liability Company, to acquire the land and convey the easement.

At the Maryland Department of Agriculture, the Maryland Farm Link program puts farmers interested in farming in touch with people selling farm properties, subject to easement or not.

Nationally, the Jackson Hole Land Trust http://jhlandtrust.org/buy_prog/ has the most extensive experience with conservation buyer transactions and the Land Trust Alliance http://www.ltanet.org/ offers technical help to its members. Though relatively new to the technique, a number of land trusts in Maryland have succeeded in bringing buyers and sellers together. They include:

The Land Preservation Trust
Ned Halle
Executive Plaza 1, Suite 502
11350 McCormick Road
Hunt Valley, MD 21031
410-771-9900 x106
E-mail: nedhalle@aol.com

Eastern Shore Land Conservancy
Rob Etgen
P.O. Box 169
Queenstown, MD 21658
410-827-9756
E-mail: retgen@eslc.org
http://www.eslc.org/

Calvert Farmland Trust
Susan Hance-Wells
4885 Adelina Road
Prince Frederick, MD 20678
410-414-5070
http://www.calvertag.com

Chris Pupke
Chesapeake Wildlife Heritage
P.O. Box 1745

Easton, MD 21601

cpupke@friend.ly.net
Work: 410 822-5100

Potomac Conservancy
Matthew Logan
8601 Georgia Ave, Suite 612
Silver Spring, MD 20910
301-608-1144
http://www.potomac.org/

TOPICS IN THIS SECTION
Outright Donation of Land
Donation of a Remainder Interest
Donation of Land by Will
Bargain Sale of Land
Conservation Buyers
IN THEIR OWN WORDS
What motivates landowners to protect their land? Hear what landowners say about why they donated or sold a permanent conservation easement on their land.

"My stepfather, Paul Bailey, taught me that people do not own the land but are stewards of the land. When I as growing up he took me fishing and hunting near a farm we had in Calvert County. A lawyer for 62 years, he is remembered today as a "Conservator and a True Friend of St. Mary's County" - a quote that is on his grave marker. MET's easement program was recommended to our family -- and my wife and I talked it over with our sons and they agreed that they wanted the farm to be protected. Trent Hall was built in 1789, a 300-acre property that was a part of 2,200 acres granted to Thomas Truman in 1658. He's our resident ghost, but a friendly one. We purchased Trent Hall in 1955. I consider myself a strong advocate for preservation, however, not at the expense of farmers. Economically-viable farming is a key to preserving farmland. When we did the easement in 1978, we had reserved three rights for additional houses and we wanted to reduce that number to one. An additional benefit was that we were able to claim tax benefits for the donation of those two development rights."

Henry Virts, former MET Board Member, St. Mary's County, Maryland. MET Easement recorded in 1978.

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