When contemplating the sale of an agricultural easement, there are four main issues and questions to consider:
1. Land planning – How does the easement-restricted land relate to the agricultural operation or other agricultural land that is owned or operated?
2. Business planning – Will the easement provide the flexibility needed to adapt to changing business conditions?
3. Financial planning – Will the sale or other conveyance of an easement affect taxes and other finances?
4. Estate planning – Is the easement transaction integrated with other estate planning and transfer efforts?