On May 13, President George Bush signed the Farm Security and Rural Investment Act of 2002, authorizing spending about
82.5 billion more than the previous farm program budget. For planners, the highlight is the $1 billion earmarked for farmland protection, a 20-fold increase written into the federal Farmland Protection Program. PDR, also known as purchase
... [Show full abstract] of agricultural conservation easements (PACE), is a farmer-friendly way to protect farmland. It compensates property owners-at a sum that is usually the difference between a parcel's development value and its worth as agricultural land-in exchange for a commitment to keep the land in farming. Buying development rights usually results in a significant cash influx for property owners. The entity holding the easement, usually a county, but sometimes a state, tribal government, or land trust, receives a legal guarantee that the land will stay undeveloped.