Doing WRP on our property

[the doctor]

those "more in the know" can comment but last I heard from several landowners with significant acreage in WRP was that they were still waiting to be paid several years after acceptance into the program

the doc

[JaMak84]

those "more in the know" can comment but last I heard from several landowners with significant acreage in WRP was that they were still waiting to be paid several years after acceptance into the program

the dco

It's quit a lengthy process to begin with. In most cases you can expect at least a minimum of 3 years before any financial transactions will take place. Depending on the size and scope of the project, 3 years is being generous.

[Double R 2]

The Conservation Easements I was refering to are different than WRP.

[master guide]

BE sure to leave out a few acres to build a house or cabin on. will greatly increase the value.

[Duck Engr]

Digging this one back up out of the graveyard. Tica, did y’all go through with the wrp program like you discussed back in 08? How have you fared? Would you do it again?

Anybody else want to share?

We have 30 acres we’re considering putting in the 30 year agreement. I just can’t bring myself to give the government anything “forever”. We’re in East Alabama, so it would mainly be wood duck hunts with a few stray teal and gadwall here and there.

[JaMak84]

Digging this one back up out of the graveyard. Tica, did y’all go through with the wrp program like you discussed back in 08? How have you fared? Would you do it again?

Anybody else want to share?

We have 30 acres we’re considering putting in the 30 year agreement. I just can’t bring myself to give the government anything “forever”. We’re in East Alabama, so it would mainly be wood duck hunts with a few stray teal and gadwall here and there.

Don't know about Alabama, but the chances of a 30 year offer in Mississippi being selected for funding is slim. Under previous farm bills, offers for 30 year easements were ranked in a separate funding pool than offers for perpetual easements. Under the current farm bill all offers are ranked in the same funding pool. The combination of low commodity prices and an increase in the per acre payment for WRE has created a substantial increase in applications for the program the last 2 years.

[Duck Engr]

Digging this one back up out of the graveyard. Tica, did y’all go through with the wrp program like you discussed back in 08? How have you fared? Would you do it again?

Anybody else want to share?

We have 30 acres we’re considering putting in the 30 year agreement. I just can’t bring myself to give the government anything “forever”. We’re in East Alabama, so it would mainly be wood duck hunts with a few stray teal and gadwall here and there.

Don't know about Alabama, but the chances of a 30 year offer in Mississippi being selected for funding is slim. Under previous farm bills, offers for 30 year easements were ranked in a separate funding pool than offers for perpetual easements. Under the current farm bill all offers are ranked in the same funding pool. The combination of low commodity prices and an increase in the per acre payment for WRE has created a substantial increase in applications for the program the last 2 years.

Thanks for the info JaMak. I did notice on the score sheet published on their website you received more preference points for the perpetual easement, which I can't bring myself to do. Our local NRCS guy actually brought it up to us while we were in his office taking care of some other business, so i'm assuming there's some money available. Do they do it per state? Per county? Or are all of the applications in the country scored against each other? If that's the case, i agree that we don't have much chance in getting much money.

Do you have any insight into how the money is taxed? The way I understand it, any cost share money is not taxed, but any money you are paid as an incentive to get into the program is considered income. Can you take the incentive money and do a 1031 real estate exchange with it?

[JaMak84]

Digging this one back up out of the graveyard. Tica, did y’all go through with the wrp program like you discussed back in 08? How have you fared? Would you do it again?

Anybody else want to share?

We have 30 acres we’re considering putting in the 30 year agreement. I just can’t bring myself to give the government anything “forever”. We’re in East Alabama, so it would mainly be wood duck hunts with a few stray teal and gadwall here and there.

Don't know about Alabama, but the chances of a 30 year offer in Mississippi being selected for funding is slim. Under previous farm bills, offers for 30 year easements were ranked in a separate funding pool than offers for perpetual easements. Under the current farm bill all offers are ranked in the same funding pool. The combination of low commodity prices and an increase in the per acre payment for WRE has created a substantial increase in applications for the program the last 2 years.

Thanks for the info JaMak. I did notice on the score sheet published on their website you received more preference points for the perpetual easement, which I can't bring myself to do. Our local NRCS guy actually brought it up to us while we were in his office taking care of some other business, so i'm assuming there's some money available. Do they do it per state? Per county? Or are all of the applications in the country scored against each other? If that's the case, i agree that we don't have much chance in getting much money.

Do you have any insight into how the money is taxed? The way I understand it, any cost share money is not taxed, but any money you are paid as an incentive to get into the program is considered income. Can you take the incentive money and do a 1031 real estate exchange with it?

The ranking is done on a statewide basis, so your offer is only in competition with applications from that state.

As for the tax implications, all I can tell you for sure is that you will receive a 1099 for any funds you receive from NRCS. Beyond that I'll have to tow the company line and tell you to consult an accountant.

[Duck Engr]

I can take that and run with it on the tax advice.

Thanks!