On parcels donated to SILT, we offer long-term, inheritable leases to eligible farmers, freeing them from a lifetime of land debt. With decades of mortgage interest out of the equation, farmers can plow capital into their operations instead. The farmer gains equity in the home, barns and business.
We charge market-rate rent (reduced for remediation practices) that help pay for monitoring and assistance we provide SILT farmers, making SILT economically sustainable while maintaining a fair playing field for all food farmers in a particular market.
Placing an easement on your land reduces its economic value, which makes it more affordable to the next farmer. That difference in value is what counts as your charitable donation. Eligible farmers can deduct a 100 percent of their adjusted gross income for up to 15 years under a law passed in late 2015. Please talk to your advisers about how these benefits can work for you.