The SADC recently added two important documents to its website for the new formula value. One is a summary report of the outreach and research that was done, key findings and the valuation for the new formula.  Click here to read the summary.

The second is the presentation that was presented at the last SADC meeting on such.  Click here for the presentation.

Both documents detail the potential for farmland owners to receive up to 90% of the fee simple value through four categories of features.  Landowners will continue to receive their normal easement value based on two appraisals and certified by the SADC as they do now. However, the formula will be based on the farm’s fee value. 50% of the fee value will be used as the basis, and then additional value will be added based on the farm’s characteristics and more to compensate for additional voluntary deed restrictions if the owners choose that option. It is also important to note that the concept is preliminary and that final regulations have yet to be adopted.

For more information reach out to Ashley at the Farmhouse.