Conservation
easements are deed restrictions landowners voluntarily place
on their properties to protect environmental resources, such
as fish and wildlife habitat, water quality or scenic views.
These restrictions stay with the property even if it changes
hands, ensuring permanent protection while allowing private ownership
and productive use to continue.
The Pacific Forest Trust helps forest owners use conservation easements
to ensure good forest management, and prevent future development
and damaging land uses. Conservation easements help forests to remain forests --
and avoid being sold for farms, golf courses, malls and subdivisions.
Conservation
easements -- by curbing development, protecting significant
environmental values and supporting sustainable economic
uses -- benefit both private landowners and the public.
Photo by Marty Knapp
Good
forestry is a long-term proposition. Management decisions made
today shape the forests of tomorrow. Plenty of faith, as well
as a long investment horizon, is needed to manage forests well.
Often the greatest benefits of good forest stewardship are reaped
by future generations. Conservation easements are useful tools
to reinforce forestry goals; using these voluntary, enforceable
deed restrictions, landowners can protect the stewardship investments
they've made in their properties.
Conservation
easements are the best legal means to permanently protect the
important natural values of a forest property and provide consistency
in management
while keeping the land in private ownership and use. Land trusts
like PFT, selected by the landowner, become responsible for monitoring
compliance with the easement and ensuring its provisions are
being honored.
When
landowners make this commitment to conservation, they can be
compensated for protecting public benefits -- such as open space,
habitat and watershed quality
on their private property. The value of the conservation easement
is readily appraised. Based on this valuation, a landowner can garner
potentially significant income and estate tax benefits by donating
the easement to a land trust like the Pacific Forest Trust. Or an
owner may be paid for the conservation easement, usually from funds
available through local, state or federal conservation programs.
PFT is a
national leader in the use of conservation easements that help
landowners meet their twin goals of economic production and
resource protection. Since its founding in 1993, PFT has established
conservation easements on about 35,000 acres of forest in California,
Oregon and Washington. (Read
about some of these properties.)
Interested in the tax savings possible from gifts of conservation
easements? Download these articles from PFT's newsletter:
Pacific Forests,
Spring 1999:[DOWNLOAD
PDF]
"Saving
the Forest for the Next Generation:
Conservation Easements Can be an Antidote to Estate Taxes"
Pacific Forests,
Fall 1999:[DOWNLOAD
PDF]
"Cutting Income Taxes While Protecting Your
Forest"
Pacific Forests,
Spring 2000: [DOWNLOAD
PDF]
"New Estate Tax Benefits for Conservation Easements"
Pacific Forests,
Fall 2000: [DOWNLOAD
PDF]
"Tax-Saving Conservation Options for Family
Forestlands"
Pacific Forests,
Spring 2001: [DOWNLOAD
PDF]
"Tax-Advantaged Revenue from Conservation"