Wetland Easement Compensation Rates Anticipated to Increase
The anticipated 2023 Geographic Area Rate Caps (GARC) rates for Indiana have been released and its good news for Indiana residents considering enrolling eligible land into the Agricultural Conservation Easement Program’s Wetland Reserve Easement (ACEP-WRE) through USDA’s Natural Resources Conservation (NRCS). GARC rates are the per acre compensation ranges a landowner will receive in return for enrolling his or her land into ACEP-WRE.
The GARC rates from Indiana NRCS are anticipated to raise significantly for this year to match the rising cost of the fair market value of land. The values are based on several various factors including soil types, types of crops capable of being grown, production history, location, real estate market values, and tax rates and assessments.
Indiana NRCS expects the next ACEP-WRE sign-up cutoff to be Nov. 15. While applications are accepted continuously throughout the year, eligible landowners must work with their local district conservationists to have their applications in by Nov. 15 to be eligible for this round of funding.
For more information about ACEP-WRE please contact your local district conservationist or visit the Indiana ACEP website.
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