TeachMeFinance.com - explain Easement
Easement The term 'Easement ' as it applies to the area of agriculture can be defined as ' A landowner sells or surrenders the right to develop a portion of the property, usually in return for a payment or some other benefit. Some local and state governments, and land trusts, have programs to acquire development easements from landowners to prevent conversion of farmland to other uses. Since the mid 1970s, conservation easements have been purchased to protect nearly 420,000 acres of farmland in 15 states, primarily in the Northeast'.
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