Managed Forest Land
Throughout the past year, I’ve had the privilege to work with a number of buyers and sellers either buy or sell land.
Over the past couple of weeks I’ve had to do some research on Managed Forest Land, so I thought it’d be a great time to shed some light on the subject for those looking to purchase or sell land.
Managed Forest Land is governed by the DNR Managed Forest Law (MFL) and that applies to private owners with at least 20 acres of contiguous land & 80 percent of that be productive forest land. MFL is the only forest tax law that is open to enrollment.
To keep things short, the program allows private owners to enter a management agreement which includes a harvesting schedule, and in return, the private owners receive a lower tax per acre for the productive forest acreage.
For some who plan to maintain the land themselves, this is a great program! For others, it may be more desirable to purchase land that is not zoned as Managed Forest Land.
If you’re considering purchasing Managed Forest Land, I’d recommend contacting the DNR of that local municipality prior to purchase, to confirm the length of the current agreement and the process to change over the ownership as well.
You can read A LOT more about Managed Forest Land on the Wisconsin DNR website – https://dnr.wi.gov/topic/ForestLandowners/mfl/
Provided by Austin Solomon | The Solomon Group | Coldwell Banker Action