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October 7, 2003

Purdue seminar puts the ease in conservation easement

WEST LAFAYETTE, Ind. – As more landowners consider conservation programs, the Purdue University Cooperative Extension Service will offer a seminar to help professionals develop specialized skills in the legal and tax implications of conservation easements.

"These types of seminars are necessary because more organizations are purchasing easements to permanently protect land from development," said William Hoover, professor of forestry and natural resources. "Participants will learn how to draft conservation easement documents, how to plan for tax implications of selling or buying easements, and how to deal with potential problems between landowners and developers."

The introduction to conservation easements workshop will be Oct. 28 from 8:30 a.m. to 1 p.m. at the Fulton County Fairgrounds, located at 1009 W. 3rd St., Rochester, Ind.

Three experts will provide attorneys, accountants and landowners an overview of the legal and tax issues associated with conservation easements.

Gerald Harrison, professor of agricultural economics and attorney, will speak on the legal overview of easements. Topics to be discussed include legal authority under which easements are enforced, the terms of a typical contract, the grantor and grantee relationship, and legal, economic and policy issues.

Nick Heinzelman, director of Land Protection, Indiana chapter of The Natural Conservancy, will discuss the use of easements in Indiana, typical contract provisions and enforcement procedures.

Hoover will focus on tax treatment of transactions under federal and Indiana tax codes. Topics to be discussed include tax treatment of gains, the determination of the basis of easements, the treatment of gifted interests and the role of conservation easements in estate plans.

Registration, which is due by Oct. 26, is $25 and includes a meal. To register, contact Mark Kepler, Purdue Extension educator in Fulton County, at (574) 223-3397, mkepler@purdue.edu. Three hours of continuing education credits are available for attorneys, and certificates will be given to attorneys and certified public accountants.

Writer: Michelle Betz, (765) 494-8402, agnews-stories@purdue.edu

Sources: William Hoover, (765) 494-3580, billh@fnr.purdue.edu

Mark Kepler, (574) 223-3397, (574) 223-2386, mkepler@purdue.edu

Ag Communications: (765) 494-2722; Beth Forbes, bforbes@aes.purdue.edu; http://www.agriculture.purdue.edu/AgComm/public/agnews/

Related Web site:
Purdue Department of Forestry and Natural Resources


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