ContractsAgricultural ContractsHARD
NE Conservation Reserve Program (CRP) land:
Correct Answer
B) Transfers with the land — buyer assumes the remaining CRP contract obligations
CRP contracts run with the land. Buyers assume remaining contract obligations (typically 10-15 years) including land use restrictions. CRP rental payments are a source of income for the landowner.
Answer Options
A
Cannot be soldB
Transfers with the land — buyer assumes the remaining CRP contract obligationsC
Federal propertyD
Always increases valueWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
conservationUSDANE-specific
Key Terms:
CRPruns with landNEconservationincome
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