TeachMeFinance.com - explain Purchase of development rights (PDR)
Purchase of development rights (PDR) The term 'Purchase of development rights (PDR) ' as it applies to the area of agriculture can be defined as ' The acquisition of property development rights through voluntary sale by the landowner to a government agency or land trust. The government agency or land trust acquiring development rights typically restricts future uses of the land to farming or open space'.
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