
Commissioners invest in future of agricultural, natural lands
They voted to adopt a new conservation easement policy establishing an Agricultural Development and Farmland Preservation Fund and updating the existing Farmland Preservation Ordinance.
The policy creates a conservation easement fund of $340,610, using roll back, or deferred, taxes generated when land is taken out of agricultural use and the Present Use Value program, most commonly when it is sold for development, according to Bill Stone, director of the county's Agricultural Extension Program.
'The newly established fund will reinvest the deferred taxes back into farmland preservation, earmarking these dollars toward landowner costs associated with conservation easement projects,' Stone said.
Several residents spoke at Monday's meeting with most voicing support for the plan.
'It will empower farmers to resist rising development pressures, while advancing the public's goal of maintaining the open spaces which have always been such an essential and attractive element of life in Lee County,' said Jimmy Randolph of the Sanford Area Growth Alliance.
Jim Foster noted that the county is continuing to grow and increase in population, subdivisions and schools.
'It's an increase in pretty much everything. With this type of growth, we have growing pains. One of the biggest pains is the loss of forest and farmlands,' he said.
The board also voted to approve revisions to the existing farmland preservation ordinance that was last updated in 2013, Stone said. 'Along with maintaining their commitment to the Voluntary Agricultural District, or VAD, program, the board added the option for landowners to participate in the Enhanced Voluntary Agricultural District, or EVAD. That program requires a 10-year irrevocable commitment from the landowner to agree to keep the land in agricultural use,' Stone said.
The ordinance allows farms smaller than five acres to qualify for the VAD and EVAD programs, recognizing the growth of smaller farms in the county.
'I'm in support of the VAD and EVAD proposals, but I'm in opposition to creating a special fund that would provide taxpayer benefits to those paying taxes on the property,' Jim Womack said. 'The issue here is taking the taxpayers' money to benefit someone who doesn't want to pay taxes. The rollback taxes should come back to the taxpayer.'
Commissioner Samantha Martin cast the lone vote against the conservation easement policy. Like Womack, she believes that rollback taxes should be returned to the taxpayers.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
4 days ago
- CNBC
Buffett is not finding buying opportunities hence large cash pile, says Glenview Trust's Bill Stone
Bill Stone, Glenview Trust Company CIO, joins 'Power Lunch' to discuss Stone's thoughts on Berkshire Hathaway's cash pile, what Stone would do with Berkshire's cash pile and much more.
Yahoo
06-08-2025
- Yahoo
Tesla Under Fire for 'Overpromising and Underdelivering,' Top Investor Says
Tesla (TSLA, Financials) has lost more than a fifth of its value this year as slowing EV sales and doubts over Elon Musk's big promises weigh on investor sentiment. Musk has talked up robotaxis for years, but top investor Stone Fox Capital says the rollout is far from the fully autonomous future he sells and may not get there anytime soon. Stone Fox points to a limited number of supervised taxis, falling global market share, and a lofty valuation that assumes a 43% jump in earnings by 2026. With a forward P/E of 128x, the stock leaves little room for error. If Tesla keeps overpromising and underdelivering, the investor warns, shares could head lower. Analysts are split: 13 Buys, 15 Holds, and 8 Sells give Tesla a consensus Hold rating, with a $305.37 average price target suggesting little upside. This article first appeared on GuruFocus.
Yahoo
06-08-2025
- Yahoo
Tesla Under Fire for 'Overpromising and Underdelivering,' Top Investor Says
Tesla (TSLA, Financials) has lost more than a fifth of its value this year as slowing EV sales and doubts over Elon Musk's big promises weigh on investor sentiment. Musk has talked up robotaxis for years, but top investor Stone Fox Capital says the rollout is far from the fully autonomous future he sells and may not get there anytime soon. Stone Fox points to a limited number of supervised taxis, falling global market share, and a lofty valuation that assumes a 43% jump in earnings by 2026. With a forward P/E of 128x, the stock leaves little room for error. If Tesla keeps overpromising and underdelivering, the investor warns, shares could head lower. Analysts are split: 13 Buys, 15 Holds, and 8 Sells give Tesla a consensus Hold rating, with a $305.37 average price target suggesting little upside. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data