Martha Boneta at Liberty Farm
Photo: Susan Lider
Virginia, like many other states, offers land preservation tax credits of $100 million a year. Land preservation tax credits are tied to conservation easements which are binding agreements between a land preservation trust (usually a NGO) and a farmer who receives tax breaks in exchange for “legally restricting future development of their property” for a number of years or in perpetuity, as specified in the contract. Continue reading