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Options to limit property taxes on Forested Land


Fri, Mar 5th, 2010
Posted in Agriculture

Mel Baughman, professor and Extension Forester, University of Minnesota, led the group of farm and forest property owners through several options and programs that may be available to them to control the property tax bill on forested and some types of agricultural land. The class was offered twice at Eagle Bluff Environmental Learning Center on February 24 and at other locations in southeast Minnesota in recent weeks. DNR Forester Jim Edgar, SWCD Donna Rasmussen and Fillmore County Assessor Cynthia Blagsvedt were on hand to answer questions.

Baughman explained the tax reduction incentive programs are designed to encourage the development of healthy, productive forests. About 41 percent of the forested land in the state is privately owned. The programs will protect forests from development, at least for a time, as forests enrolled in a couple of the programs would not be able to be developed for at least eight to ten years.

The two reduced property tax programs detailed were the Rural Preserve Program and the 2c Managed Forest Land Classification which was created in 2008. These programs are available options for some of the land enrolled in Green Acres, which will no longer qualify for that program by 2013. Baughman also detailed the Sustainable Forest Incentive Act, which has been around since 2001. It is a cash incentive program through the Minnesota Department of Revenue. Baughman said property owners need to determine what they qualify for to get the best deal they can on their property taxes.

Green Acres

Green Acres, which was enacted in 1967 as the Minnesota Agricultural Property Tax Law, has allowed eligible farm properties to be taxed at a value less than their full market value. Estimated Market Value (EMV) is the value of the property at its "highest and best use," which would reflect values of recreational or developed property. Green Acres values a property at its agricultural value. When a property owner withdraws from Green Acres, they are required to pay three years deferred taxes and special assessments. The deferred taxes are the difference between the tax rate at the EMV and the agricultural value.

The assessor determines the EMV and the agricultural value. The qualifying landowner is taxed on the agricultural value and most special assessments are deferred. In 2007, an audit found 13 percent of the total agricultural land in the state was in the Green Acres program. In 2008, an audit showed that .....
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64

Information session on Rural Energy for America Program

Fri, Mar 5th, 2010
Posted in Agriculture

Rural Development is a federal agency under the United States Department of Agriculture, designed to help not only low income persons to acquire, build, rehabilitate and improve dwellings in rural areas, but to help rural communities with funding fo ..... 
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Cover crop meeting March 10

Fri, Mar 5th, 2010
Posted in Agriculture

Ag producers interested in learning more about how to use cover crops in their own operations have an opportunity to learn from the experience of other farmers. A panel of local farmers will highlight their experiences with cover crops at a meeting ..... 
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Initiative pays farmers to compare fertilizer application rates

Fri, Mar 5th, 2010
Posted in Agriculture

It's not too late to sign up for the 2010 Minnesota Nutrient Management Initiative, which is paying farmers $1,200 annually for comparing the profitability and productivity of two different fertilizer application rates on one of their fields. Farmer ..... 
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Farm Service Agency News - March 8, 2010

Fri, Mar 5th, 2010
Posted in Agriculture

SURE Signup

Signup for the 2008 Supplemental Revenue Assistance Payments program (SURE) began on January 4, 2010. SURE 2008 is for those who suffered crop production losses during crop year 2008.

SURE provides crop disaster assistance ..... 
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Pasture Walk Series to continue in 2010

Fri, Mar 5th, 2010
Posted in Agriculture

The last two years a series of events under the general title "Pasture Walks" have taken place in Southeast Minnesota. Generally, we have started with an indoor activity and then later in the summer gone to a number of farm locations to observe vari ..... 
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Nation's Largest Organic Farming Conference Continues to Grow

Tue, Mar 2nd, 2010
Posted in Agriculture

The nation's largest organic farming conference, hosted by the Midwest Organic and Sustainable Education Service (MOSES) had approximately 2,700 organic farmers and agriculture professionals attend this year's Organic Farming Conference (OFC) from al ..... 
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Remember the trees

Fri, Feb 26th, 2010
Posted in Agriculture

Whether we live in town, on a farm, or in the backwoods, everyone should be concerned about the welfare of our trees. We may be inclined to take our trees for granted. Trees are major contributors to our quality of life. Our trees combat global warm ..... 
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USDA Rural Development Awards Over $418 Million Throughout Minnesota in Recovery Act's 1st Year

Thu, Feb 25th, 2010
Posted in Agriculture

St. Paul, Minn. - Since being signed into law by President Obama in February 2009, the American Recovery and Reinvestment Act (ARRA) has made a major impact throughout rural Minnesota. Over $418 million in loans and grants have been awarded to improv ..... 
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