Administered by the Farm Service Agency (FSA), the CRP Program is the largest private-lands conservation program in the United States. As of March, 2016 there were 23.8 million acres in CRP in the U.S. When a landowner becomes enrolled in a CRP contract they agree to halt all agricultural farming on the contracted land, in exchange for a yearly payment. They also agree to introduce certain plant species that will improve environmental health and quality per the USDA. Contracts for land enrolled in CRP are typically 10-15 years in length and the long-term goal of the program is to re-establish land cover to help improve water quality, prevent soil erosion, and reduce loss of wildlife habitat for endangered and threated species.
If the landowner’s contract is expiring or has expired, there are several options to consider. They can keep the grass cover and use the land for grazing ground and/or hunting. If desired and with some conversion of the land, they could put it back into crop production or lease the land to other interested parties for agricultural use. Lastly, they could put the land on the market for sale. For landowners seeking to transition their land to a new owner or find a potential tenant, our team can suggest management, valuation and marketing strategies to maximize your land’s value. We specialize in sales, acquisitions and mergers of agricultural assets such as farms and ranches and we have the knowledge to assist you in making the proper decisions about the future of your CRP farm. Please contact us today and let us know how we can assist you in meeting your goals!