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ASA offers several options to landowners who are interested in conserving their land for future agricultural and forestry uses. In addition to the landowner’s own conservation goals, there are other factors affecting which option may be available. These include the property’s physical features, its conservation attributes and location, and funding availability. ASA evaluates each potential project according to specific conservation criteria, in addition to whether the property lies within one of our priority areas, as outlined in our Farmland Conservation Plan.
Conservation easements can be donated or sold. Depending upon funding availability, ASA may purchase the conservation easement from the landowner (also called purchase of development rights or PDR). The purchase price of the easement is determined by an appraisal prepared by a New York State certified appraiser. The appraisal uses comparable sales and includes a “before” easement valuation and an “after” easement valuation. The difference between the values is the value of the conservation easement or development rights.
The value given in a report prepared by a professional appraiser that provides an estimate on the fair market value of the property or conservation easement. A “qualified” appraisal is one prepared to substantiate the value of a donated property or easement, and meets Internal Revenue Service (IRS) requirements.
The sale of a property or easement to a qualified organization for an amount less than the appraised fair market value.
A legal agreement between a landowner and a qualified organization that restricts future activities on the land to protect its conservation values.
The Latest NEWS
By protecting their land, Albert and Donna Marns gained new security for their family farms future.
ASA closed the deal to conserve our 100th property, the McArthur-Sauert Farm on County Route 77 in Greenwich.
“It’s an exciting time on the farm,” John says, “It has taken six years but it’s all coming together at the same time.”