Kentucky Farm and Ranch Lands Protection Program (FRPP) 2010
The Farm and Ranchland Protection Program (FRPP) is a voluntary program of the Natural Resources Conservation Service (NRCS) whose purpose is to protect agricultural lands by limiting non-agricultural uses. NRCS partners with approved state, local, and non-profit entities who arrange for the purchase of development rights through conservation easements on private lands. The entity holds and manages these conservation easements in perpetuity.
The amount available for this program in Kentucky for 2010 will be approximately $2.5 million. All funds will be used to reimburse the entities for up to 50% of the current appraised fair market value of the conservation easement on approved parcels. All parcels are ranked individually on their own merit. Funds will be awarded to the highest ranked eligible parcels through a statewide competitive process. Conservation easements on funded parcels must close by March 31, 2012. Entities must bear the cost of appraisals, surveys when needed, title search, legal and closing costs, and monitoring and enforcement of the easement.
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