States are obligated to generate income from state trust lands to fund public institutions, through mining, grazing, agriculture, or logging. However, this report--a product of Western Lands and Communities, a joint program of the Lincoln Institute and the Sonoran Institute--shows how conservation can be an equally robust source of revenue. From the mid-1700s to the late 1950s, state trust lands were granted to states upon their entrance into the Union for the sole purpose of supporting public institutions, primarily K-12 public schools. Eighty-five percent of the remaining 46 million acres of state trust lands are concentrated in the West. This report explores current and recommended strategies to conserve state trust lands with ecological and environmental value, while maintaining the trust obligation to earn revenue for K-12 schools and other beneficiaries. Building on the Lincoln Institute's previous report, State Trust Lands in the West: Fiduciary Duty in a Changing Landscape (2006), and a companion website, State Trust Lands (statetrustlands.org), the authors evaluate the pros and cons of the conservation mechanisms that are currently available to state trust land management agencies, including conservation sales and leases through easements or outright fee-simple purchases, contributory value and nonmonetary value, ecosystems services markets, and land tenure and exchange. They also offer recommendations for new methods to realize revenue from conservation activity. Key recommendations are to: expand the use of conservation sales and leases; improve the utility of contributory value in the master planning process; increase access to ecosystem services markets; and streamline the land tenure adjustment process, which includes reform of the appraisal process. Monetizing conservation will provide opportunities for land management agencies to pursue conservation options. All state trusts carry the mandate to fund beneficiaries in perpetuity, indicating the need for sustainable land management practices.

This comprehensive report offers state trust land managers the latest strategies and tools for asset management, residential and commercial development, conservation use, and collaborative planning. Land managers will learn how to fulfill their trust responsibilities while producing larger revenues for trust beneficiaries, accommodating public interests, and more. This is a revised edition of a report originally published in 2006.

An examination of state lands, from a state rather than federal government perspective. This study presents information from 22 US states in its discussion of state trust lands as models of public land administration.

Concentrated in nine western states, 42 million acres of state trust land represent an important public resource. Trust land managers, responsible for upholding the fiduciary purpose of these lands for the designated beneficiaries--primarily K-12 public schools--must actively and deliberately take advantage of opportunities to generate revenues while ensuring the long-term sustainability of the trust. This policy focus report offers an overview of the history and unique aspects of state trust lands and presents examples of new management strategies and tools that focus on asset management, residential and commercial development, conservation use, and collaborative planning.

A conservation easement is a legal agreement between a property owner and a conservation organization, generally a private nonprofit land trust, that restricts the type and amount of development that can be undertaken on that property. Conservation easements protect land for future generations while allowing owners to retain property rights, at the same time providing them with significant tax benefits. Conservation easements are among the fastest growing methods of land preservation in the United States today. Protecting the Land provides a thoughtful examination of land trusts and how they function, and a comprehensive look at the past and future of conservation easements. The book: provides a geographical and historical overview of the role of conservation easements analyzes relevant legislation and its role in achieving community conservation goals examines innovative ways in which conservation easements have been used around the country considers the links between social and economic values and land conservation Contributors, including noted tax attorney and land preservation expert Stephen Small, Colorado's leading land preservation attorney Bill Silberstein, and Maine Coast Heritage Trust's general counsel Karin Marchetti, describe and analyze the present status of easement law. Sharing their unique perspectives, experts including author and professor of geography Jack Wright, Dennis Collins of the Wildlands Conservancy, and Chuck Roe of the Conservation Trust of North Carolina offer case studies that demonstrate the flexibility and diversity of conservation easements. Protecting the Land offers a valuable overview of the history and use of conservation easements and the evolution of easement-enabling legislation for professionals and citizens working with local and national land trusts, legal advisors, planners, public officials, natural resource mangers, policymakers, and students of planning and conservation.

State trust lands are among the public natural resources that have historically been managed with a focus on extractive and consumptive use. However, conservation groups and state trust land managers have begun recognizing the opportunity to generate revenue through market-based conservation of state trust land assets. This article discusses the growing trend of generating revenue through conservation of state trust lands.

No recent happening in land conservation rivals the rapid expansion of conservation easements and the related growth in the number of land trusts over the past 15 years. Among the forces driving this phenomenon are tax and other public subsidies and the view that the conservation easement is a win-win strategy in land protection. The thesis of this policy focus report is that conservation easements are a valuable land protection tool, complementing regulation, land acquisition, and tax policies, but that reforms are needed in tax and other laws and conventions governing easements, lest we risk losing the public benefits for which the easements were established.

The conservation easement is an effective and flexible technique for land preservation. The Conservation Easement in California, written by California attorneys expert in conservation law for The Trust for Public Land, is an authoritative legal handbook for the use of conservation easements in California. This book puts the conservation easement in context, discusses the historical and legal background of the conservation easement in California, its state and federal tax implications and the problems involved in drafting easements. Of special importance is the book's clear exposition of the statutory distinction between conservation and open space easements, which should be especially helpful to land trusts and public agencies at all levels who want to put these innovative techniques into practise.