Property Ownership
Indiana farmland is often held subject to agricultural easements that:
ARequire the owner to grow specific crops designated by the state
BRestrict non-agricultural development to preserve farmland in perpetuity✓ Correct
CExempt the property from all federal and state taxes
DRequire the owner to sell to neighboring farmers first
Explanation
Agricultural conservation easements restrict the development of farmland to preserve its agricultural use in perpetuity. Indiana has significant farmland preservation programs that use such easements.
Related Indiana Property Ownership Questions
- A fixture is an item of personal property that has become:
- An encroachment occurs when:
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- Prescription is the acquisition of an easement through:
- Indiana's 'doctrine of waste' in a life estate means the life tenant:
- An easement appurtenant in Indiana runs with the land, meaning:
- An Indiana land trust differs from a living trust in that a land trust:
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