Private Bargain Sale

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Private Bargain Sale

tiashoke-cow---tour-de-farm-07If a property does not qualify for the state farmland protection grant program, but is a working farm containing good soil resources, a bargain sale easement may be a possibility. A bargain sale means the landowner is agreeable to receiving less than fair market value for their conservation easement, usually 50% or less. ASA sometimes has available funding through conservation buyers, foundations, and/or grants to purchase the easement. The landowner may qualify for state and federal tax deductions on the portion of the easement that is donated as part of the bargain sale. Since bargain sale transactions do not involve state funding, they can usually be completed in less than a year depending on the complexity of the project.

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