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PDR Progress Report03-13

PDR Progress Report03-13

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Published by Fauquier Now
Fauquier County Purchase of Development Rights Program
Fauquier County Purchase of Development Rights Program

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Published by: Fauquier Now on May 13, 2013
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10/17/2013

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Purchase o Development Rights
ProgramFauquier County
“A tool or preserving and enhancing the agricultural industry.”
February 2013
 
Page 2
A
griculture is one o the leading industries inFauquier County. In order to sustain thisindustry, a critical mass o armland is necessary orthe production o crops and animals. In Februaryo 2002, the Fauquier County Board o Supervisorsormally established the Purchase o Development Rights (PDR) Program in order toprotect the County’s armland and retain theagricultural industry’s critical mass. The PDRProgram is a voluntary program in whichlandowners sell the development rights o their landto the County; this protects the agricultural andnatural resources o their property while allowingthem to retain ownership. In some cases, undsgiven to landowners through the PDR program areused to deray debt and save the amily arm. Inother cases, the unds are used to make signifcantimprovements or additions to the armingoperation. The landowner has ull control over howthe PDR unds are to be utilized. In addition to thecash PDR payments, landowners may also qualiyor state and/or ederal land conservation tax creditsand deduction programs. All applicants areencouraged to discuss these programs with their taxadvisors.
W
hile unding or the PDR Program is largely taxbased, a signifcant percentage, roughly 32%(over $3.9M), has been provided by non-Countysources in the orm o grants and othercontributions.
I
ncreasingly, Fauquier County is being used as amodel by other localities when seeking guidance indeveloping a PDR Program. In past years, assistancehas been provided to ocials in Staord, Culpeper,Franklin, Hanover, Augusta, Spotsylvania andRockingham Counties.
 T
he Fauquier County Agricultural Developmentsta also served on the Virginia Department o Agriculture and Consumer Services (VDACS)Farmland Preservation Task Force. This Task Forcehas developed a model PDR Program or Virginialocalities and has outlined the structure or a state-unded PDR Program.
I
n addition, sta has assisted the VDACS Oce o Farmland Preservation in the development o operating guidelines or the allocation o state-matching unds or armland preservation. 2007brought the frst specifc allocation o matchingunds through VDACS. Fauquier County’s PDRProgram has received approximately $1,061,000 inVDACS matching unds, to date.
Preserving Agriculture
 
Page 3
Why Apply to the PDR Program?
Everyone has their own reasons or wanting to take part in the PDR Program, but here are a ewo the top reasons:
t
You will ensure that your amily can continue arming the same land. Productive agriculturalland is a fnite and irreplaceable natural resource.
t
You will preserve the open space, the agriculture and the nature that exists on your land. PDREasements are attached to the land which means it will transer to a new owner i you everchoose to sell your property.
t
You will contribute to long-range environmental benefts which include wildlie habitat,clean air and water, ood control, groundwater recharge and carbon sequestration.
t
You will ensure continued goods and/or services are available to the citizens o FauquierCounty and beyond. Agriculture contributes to the local economy directly through sales, job creation, supporting services and businesses, and also by supplying lucrative secondarymarkets such as ood processing.
t
You will receive a lump sum cash payment that can be used as you see ft. In some cases,unds have been used to complete estate planning, deray debt and save the arm. In othercases, the unds have been used to make signifcant improvements or additions to thearming operation.
t
You may also be eligible to receive a number o tax credits and/or tax deductions once thePDR Easement is recorded . Please seek guidance rom your tax advisor regarding theseopportunities.

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