Authorizes State, local, and nonprofit acquisition of fee simple titles to, and development easements on, farmland, in certain cases, for negotiated purchase prices exceeding appraised value thereof.
Requires SADC and any local board acquiring farmland for preservation purposes to provide partial payment to landowner, in advance of settlement, to demonstrate good faith intent to proceed with settlement and acquisition.
Revises method for appraisals of farmland to be acquired for farmland preservation purposes.
Establishes program in SADC for acquisition of development easements on privately-owned woodlands.
Revises method for appraisals of farmland to be acquired for farmland preservation purposes.
Revises method for appraisals of farmland to be acquired for farmland preservation purposes.
Establishes program for acquisition, by local government units and nonprofit organizations, of development easements on privately-owned woodlands.
Authorizes State Agriculture Development Committee to develop and maintain region-specific list or dedicated pool, or both, of tax and estate planners to facilitate development of installment purchase agreements for farmland preservation purposes.