Grist reports that a 500-acre Nature Conservancy/Trust for Public Land deal in Montana is the largest in U.S. history.
The two entities are paying Plum Creek Timber $510 Million for the land. Habitat for grizzly bears, lynx, moose, wolverines and bull trout will be created. The lumber company will continue to remove timber using sustainable methods.
Montana Senator Max Baucus (D) added a tax-credit-bond-mechanism to the new farm bill and used it in the transaction. The Farm Bill feature allows non-profits to receive federal land purchase money through conservation grants.