Payment amounts vary based on the length of your covenant and your total number of acres enrolled in SFIA. The payment rates are adjusted each year based on statewide average market values and tax rates, but will not increase or decrease by more than 10% per year. For land held in a conservation easement, see the note after the table.
The 2024 payment rates are:
For new applications in 2024 and land that is in a conservation easement, the payment is $4.03 per acre.
Note: If your land was enrolled in SFIA in 2017 and also has a conservation easement, the payment rate is $7.00 per acre and that land is limited to an 8-year covenant.
All payments received are treated as taxable income.
information found on this page is provided by the Minnesota Department of Revenue.
© 2023 Minnesota Department of Revenue
https://www.revenue.state.mn.us/sustainable-forest-incentive-act