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Committee pauses natural‑asset company bill after agency and industry concerns; sponsor, AG counsel to refine definitions
Summary
The House Agriculture Committee paused consideration of House Bill 14‑53, a proposal to prohibit ‘natural asset companies’ from buying up easements and monetizing ecosystem services, after members and agency counsel warned the draft definitions are too broad.
The House Agriculture Committee took up House Bill 14‑53, a proposal to prohibit “natural asset companies” from operating, conducting business or acquiring certain easements or asset interests in the state. Members described the measure as intended to stop entities from buying up conservation easements en masse and removing agricultural land from production.
Sponsor Representative Anhalt (noted in committee as the presenter) said the bill does not stop landowners from enrolling in conservation programs such as CRP; rather, it would bar companies that aggregate easements and monetize ecosystem services from buying them as a clump. “So they’re they’re definitions that are coming…
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