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Family legacy
It was the Hibbards' commitment to both the future and the past that convinced them to donate the conservation easement, which makes up the heart of the ranch.
"This ranch has been in the family 100
The Hibbard family used a new federal tax incentive for donating conservation easements.
While the tax incentive helped them make the final decision, said Scott, it wasn't the major impetus.
"We have a huge tax bill based on the value of the land, not based on its income," he said.
In order to pass the land on, the family would have had to sell some of it to meet the federal estate tax, he said.
"That's a wonderful thing an easement can do," said Chase. "We gave up some of our bundle of rights and we get some favorable tax relief."