RIM

[slugger]

I don't know anything about RIM, but wouldn't the benefit to the new buyer be a much lower purchase price compared to if the land wasn't in RIM?

My seller put the land in RIM in 1993 for $150/acre. So we feel we are already at 150/acre under market value. We are at about 50K under estimated tax value. The problem is back in '93, 150/acre was probably a fair payment. Now, taking 150/acre off the asking price isn't enough incentive for someone to take on the easement.

 

[MNAaron]

Looks like most of the same answers I was going to provide have been provided already. We have had some luck with transferring RIM lands to DNR and US Fish and Wildlife however they need to be in their identified wildlife corridors etc... before they usually are willing to take on the maintenance.

 

[nwmn]

Might be dumb, but the WRP and RIM programs aren't the same correct? If a guy were to have say 40 some acres of swamp land scattered among 3-4 areas with no intent to develop or alter, could he enroll it in this program? We've got two sizable swamps and a few others I wouldn't mind cashing in on. Some lands that are very wet as well where it's already in CRP and intentions are to plant with spruce and serve as swamp edges for added cover. Could these areas be enrolled? there seems to be some value in the easement programs if the wetlands already exist and they are in areas that will stay that way in perpetuity.

Sorry, don't mean to hijack the post.

 

[slugger]

I'm not familiar with the WRP program. With the RIM program there is a separate conservation program to go with the easement. This is an agreement you make with soil and water as to the plantings etc that you intend to make.
I agree that it makes a lot of sense for land that will always be wet and have no real use other than hunting and wildlife habitat. My only caution would be that if you ever intend to sell, it seems to make the land almost sale proof. People just don't want the government having an easement on their land when they are receiving no benefit.

 

[bwoods11]

With WRP and RIM programs, the state or fed will review eligibility. They prefer in most cases, crop land that can be converted back to habitat--- or in some cases-- WRP they will break tile lines and/or create ponds and wetlands for waterfowl.

RIM is a little different, right now buffers along creeks or ditches are eligible, they rarely take a large block of cattails or swamp.

 

[bwoods11]

Thread from 2014 on RIM and WRP. RIM is a MN easement plan.

 

[nwmn]

Thread from 2014 on RIM and WRP. RIM is a MN easement plan.

Is RIM still a thing? Or, is CREP a replacement for RIM? Which is unavailable to the NW part of the state, which is super awesome for those of us up here lol.

 

[bwoods11]

I know there is a CREP program now, but not sure on stand alone RIM. CREP is basically CRP, then RIM.

 

[swat1018]

I thought CREP was federal?

 

[buckdeer1]

Can you just buy it out of program

 

[bwoods11]

I thought CREP was federal?

CREP is a combo of federal & State funds

 

[bwoods11]

Can you just buy it out of program

They usually do not allow it.