WRP definition
Examples of WRP in a sentence
Landowner agrees that by signing this Agreement, the Landowner is enrolling the Property in the Wetlands Reserve Program (“WRP”), 16 USC 3837, and agrees to the restoration and maintenance of the Property for the duration of the WRP easement in accordance with the Warranty Easement Deed, appended hereto as Exhibit 1.
The period of the WRP conservation easement is: (Landowner choose a term and initial below) in perpetuity.
Landowner acknowledges that NRCS may provide a copy of this Agreement to the Farm Service Agency (FSA) at the time it is executed for the purpose of allowing FSA to track WRP enrollments to ensure the county cropland enrollment limits are not exceeded.
In the event of loss or damage to the Property, the Parties may mutually agree to adjust the purchase price and proceed with the transaction based upon an acceptable WRP valuation methodology.
As of January 1, 2001, the Administration Fee payable to WRP will be terminated.