Dating sites for farmers and ranchers over 50
In California’s Napa Valley, a former biology professor named Giles Mead agreed not to develop 1,318 hilltop acres in 1983 and got a deduction in return.
The property, Mead Ranch, features vernal pools and rare and endangered plants.
Since Mead’s death, his daughter has kept the property available to the public.The idea seems like the perfect marriage of environmentalism and capitalism: Landowners give up their right to develop a piece of property, and in exchange they receive a special tax deduction. That’s traditionally how what are known as “conservation easements” worked.In California’s Napa Valley, for example, a former biology professor named Giles Mead agreed not to develop 1,318 hilltop acres in 1983 and got a deduction in return.A growing number of recent easement donations, however, are driven by a more commercial reward—an outsize tax deduction for wealthy investors.Known as “syndications” (or “syndicated partnerships,” since they’re typically offered in that structure), they’re deals orchestrated by middlemen with the goal of big payoffs for all of the participants, many of whom have never visited the land in question. Abandoned irrigation equipment sat on the driving range.
Later in 2016, however, a pair of promoters appeared.