A short newsletter of bite-size ideas to chew on for Terrafirma owner-member land trusts, released January, February, May, June, September, October and November.
When was the last time your organization reviewed your stewardship policy? If it was pre-Terrafirma, it may be time to take another look.
Your policy likely describes how stewardship reserves are set, and it may advise landowners that the funds will be segregated and used only for monitoring and enforcement, not for daily operations of the land trust.
If you have Terrafirma coverage, you might consider adding language that makes it clear if:
- Reserves may include a contribution of premium for the Terrafirma policy as part of the initial funding
- Some of the stewardship funds will be used to pay for Terrafirma policies covering not only easements, but the land trust’s own fee properties
Have questions about policy drafting or anything else? Please let us know. You can email us directly or call 802-262-6051 for Leslie, or 202-800-2248 for myself.